Modiv (MDV) Set to Announce Quarterly Earnings on Monday

Modiv (NYSE:MDV – Get Rating) is scheduled to announce its earnings results before the market opens on Monday, May 15th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Modiv Trading Down 1.9 %

Modiv stock opened at $13.18 on Friday. Modiv has a twelve month low of $9.61 and a twelve month high of $19.25. The stock’s fifty day simple moving average is $11.22 and its 200-day simple moving average is $11.73. The firm has a market capitalization of $99.61 million, a P/E ratio of -13.18, a P/E/G ratio of 1.59 and a beta of -0.15.

Modiv Cuts Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 25th. Investors of record on Friday, April 28th will be paid a dividend of $0.0958 per share. The ex-dividend date of this dividend is Thursday, April 27th. This represents a dividend yield of 11.13%. Modiv’s payout ratio is currently -115.00%.

Institutional Trading of Modiv

Several large investors have recently modified their holdings of the business. Renaissance Technologies LLC acquired a new stake in shares of Modiv in the first quarter valued at approximately $115,000. Tower Research Capital LLC TRC grew its position in shares of Modiv by 231.7% in the first quarter. Tower Research Capital LLC TRC now owns 3,095 shares of the company’s stock valued at $33,000 after purchasing an additional 2,162 shares during the last quarter. Vanguard Group Inc. boosted its position in Modiv by 56.7% during the third quarter. Vanguard Group Inc. now owns 307,385 shares of the company’s stock worth $4,488,000 after acquiring an additional 111,266 shares during the last quarter. BlackRock Inc. boosted its position in Modiv by 365.9% during the third quarter. BlackRock Inc. now owns 80,380 shares of the company’s stock worth $1,174,000 after acquiring an additional 63,129 shares during the last quarter. Finally, UBS Group AG boosted its position in Modiv by 851.9% during the third quarter. UBS Group AG now owns 10,024 shares of the company’s stock worth $146,000 after acquiring an additional 8,971 shares during the last quarter. 6.19% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. B. Riley lowered their target price on shares of Modiv from $19.00 to $17.00 in a research note on Wednesday, March 1st. EF Hutton Acquisition Co. I reaffirmed a “buy” rating and issued a $17.00 target price on shares of Modiv in a report on Friday, February 24th. Five investment analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $18.90.

Modiv Company Profile

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Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.