Dimensional Fund Advisors LP increased its stake in shares of Modiv Industrial, Inc. (NYSE:MDV – Free Report) by 56.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,929 shares of the company’s stock after purchasing an additional 8,314 shares during the quarter. Dimensional Fund Advisors LP owned 0.24% of Modiv Industrial worth $324,000 as of its most recent SEC filing.
Separately, Bailard Inc. purchased a new stake in Modiv Industrial during the 2nd quarter worth about $149,000. 8.21% of the stock is owned by institutional investors and hedge funds.
Modiv Industrial Trading Down 0.9 %
Modiv Industrial stock opened at $15.93 on Tuesday. The stock has a market cap of $150.59 million, a PE ratio of -33.89, a P/E/G ratio of 2.48 and a beta of -0.21. The stock has a 50-day moving average price of $15.97 and a 200 day moving average price of $15.32. Modiv Industrial, Inc. has a 52 week low of $13.50 and a 52 week high of $17.49.
Modiv Industrial Dividend Announcement
The firm also recently declared a dividend, which will be paid on Monday, November 25th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.0958 per share. The ex-dividend date is Thursday, October 31st. Modiv Industrial’s dividend payout ratio (DPR) is -244.68%.
Insider Activity at Modiv Industrial
In related news, major shareholder First City Investment Group, L purchased 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average price of $14.94 per share, for a total transaction of $74,700.00. Following the transaction, the insider now directly owns 653,944 shares of the company’s stock, valued at $9,769,923.36. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 4.60% 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.
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