Modiv Industrial (NYSE:MDV) Trading Up 0.5%

Modiv Industrial, Inc. (NYSE:MDV)’s stock price was up 0.5% on Wednesday . The company traded as high as $15.25 and last traded at $15.18. Approximately 7,263 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 26,517 shares. The stock had previously closed at $15.10.

Modiv Industrial Stock Performance

The firm has a market capitalization of $139.20 million, a P/E ratio of -10.69, a PEG ratio of 2.20 and a beta of -0.31. The business’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $15.19.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings results on Monday, March 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). Modiv Industrial had a negative net margin of 14.09% and a negative return on equity of 2.82%. The firm had revenue of $12.29 million during the quarter, compared to the consensus estimate of $12.53 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. Sell-side analysts predict that Modiv Industrial, Inc. will post 1.38 earnings per share for the current year.

Modiv Industrial Dividend Announcement

The company also recently declared a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be issued a $0.0958 dividend. The ex-dividend date is Monday, April 29th. Modiv Industrial’s dividend payout ratio is currently -80.99%.

Insider Activity

In related news, major shareholder First City Investment Group, L sold 3,654 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $17.02, for a total value of $62,191.08. Following the completion of the transaction, the insider now directly owns 651,972 shares of the company’s stock, valued at approximately $11,096,563.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders have bought 1,262 shares of company stock worth $18,620 and have sold 5,953 shares worth $101,438. Company insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Modiv Industrial

An institutional investor recently raised its position in Modiv Industrial stock. Bard Associates Inc. lifted its stake in Modiv Industrial, Inc. (NYSE:MDV) by 1.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 107,465 shares of the company’s stock after purchasing an additional 1,590 shares during the quarter. Bard Associates Inc. owned about 1.42% of Modiv Industrial worth $1,611,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Company Profile

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing 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.