Dimensional Fund Advisors LP Boosts Holdings in Modiv Industrial, Inc. (NYSE:MDV)

Dimensional Fund Advisors LP grew its holdings in Modiv Industrial, Inc. (NYSE:MDV) by 23.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,454 shares of the company’s stock after purchasing an additional 6,702 shares during the quarter. Dimensional Fund Advisors LP owned 0.37% of Modiv Industrial worth $528,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in MDV. Barclays PLC purchased a new position in shares of Modiv Industrial in the third quarter valued at approximately $87,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Modiv Industrial during the 4th quarter worth approximately $172,000. Bailard Inc. lifted its position in shares of Modiv Industrial by 5.7% during the 4th quarter. Bailard Inc. now owns 13,302 shares of the company’s stock worth $198,000 after buying an additional 715 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Modiv Industrial during the 4th quarter worth approximately $248,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Modiv Industrial during the 4th quarter worth approximately $50,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Analysts Set New Price Targets

Separately, B. Riley assumed coverage on shares of Modiv Industrial in a research report on Tuesday, April 22nd. They set a “buy” rating and a $18.00 price objective for the company.

Insider Buying and Selling at Modiv Industrial

In related news, CEO Aaron Scott Halfacre bought 2,000 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $14.48 per share, for a total transaction of $28,960.00. Following the transaction, the chief executive officer now owns 115,412 shares of the company’s stock, valued at approximately $1,671,165.76. This trade represents a 1.76% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have bought 3,671 shares of company stock valued at $53,125. 2.80% of the stock is owned by company insiders.

Modiv Industrial Price Performance

Shares of Modiv Industrial stock opened at $14.67 on Friday. The firm’s fifty day simple moving average is $15.38 and its 200-day simple moving average is $15.44. The stock has a market capitalization of $148.47 million, a price-to-earnings ratio of -133.38 and a beta of -0.24. Modiv Industrial, Inc. has a 12 month low of $13.62 and a 12 month high of $18.11.

Modiv Industrial Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th were paid a $0.0975 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. Modiv Industrial’s dividend payout ratio is currently -1,300.00%.

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.