Modiv Industrial (MDV) to Release Earnings on Monday

Modiv Industrial (NYSE:MDV) is set to issue its quarterly earnings data before the market opens on Monday, November 13th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Modiv Industrial Stock Down 4.8 %

NYSE:MDV opened at $14.81 on Friday. Modiv Industrial has a 52-week low of $9.61 and a 52-week high of $19.12. The firm has a market cap of $111.74 million, a P/E ratio of 246.83, a PEG ratio of 2.53 and a beta of -0.38. The business’s 50-day moving average price is $14.97 and its 200 day moving average price is $13.99.

Modiv Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 25th. Investors of record on Friday, December 29th will be issued a $0.0958 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 7.76%. Modiv Industrial’s payout ratio is currently 1,916.67%.

Hedge Funds Weigh In On Modiv Industrial

A number of hedge funds have recently modified their holdings of MDV. Tower Research Capital LLC TRC raised its holdings in Modiv Industrial by 1,706.6% during the 3rd quarter. Tower Research Capital LLC TRC now owns 2,186 shares of the company’s stock worth $32,000 after buying an additional 2,065 shares during the period. Renaissance Technologies LLC purchased a new position in Modiv Industrial during the 1st quarter worth approximately $115,000. UBS Group AG raised its stake in Modiv Industrial by 851.9% during the 3rd quarter. UBS Group AG now owns 10,024 shares of the company’s stock valued at $146,000 after purchasing an additional 8,971 shares during the period. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Modiv Industrial in the second quarter valued at $183,000. Finally, Millennium Management LLC purchased a new position in shares of Modiv Industrial during the 2nd quarter valued at $298,000. 7.31% of the stock is currently owned by institutional investors and hedge funds.

Modiv Industrial Company Profile

Modiv Inc is an internally managed REIT that acquires, owns, and manages a portfolio of single-tenant net-lease real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.