19,849 Shares in Modiv Industrial, Inc. (NYSE:MDV) Bought by Jane Street Group LLC

Jane Street Group LLC bought a new position in shares of Modiv Industrial, Inc. (NYSE:MDV) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 19,849 shares of the company’s stock, valued at approximately $295,000. Jane Street Group LLC owned approximately 0.21% of Modiv Industrial at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new stake in shares of Modiv Industrial in the fourth quarter valued at about $50,000. TT Capital Management LLC purchased a new stake in shares of Modiv Industrial in the fourth quarter valued at about $158,000. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Modiv Industrial in the fourth quarter valued at about $172,000. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Modiv Industrial in the fourth quarter valued at about $175,000. Finally, Bailard Inc. raised its holdings in shares of Modiv Industrial by 5.7% in the fourth quarter. Bailard Inc. now owns 13,302 shares of the company’s stock valued at $198,000 after buying an additional 715 shares during the last quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Price Performance

Shares of MDV opened at $14.28 on Tuesday. The firm has a 50 day simple moving average of $15.11 and a 200-day simple moving average of $15.25. Modiv Industrial, Inc. has a 1-year low of $13.62 and a 1-year high of $18.11. The stock has a market cap of $144.45 million, a price-to-earnings ratio of -129.77 and a beta of -0.24.

Modiv Industrial Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th were paid a dividend of $0.0975 per share. The ex-dividend date was Wednesday, April 30th. Modiv Industrial’s dividend payout ratio (DPR) is -1,300.00%.

Wall Street Analyst Weigh In

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

Insider Transactions at Modiv Industrial

In other news, CEO Aaron Scott Halfacre bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average price of $14.48 per share, for a total transaction of $28,960.00. Following the completion of the transaction, the chief executive officer now owns 115,412 shares in the company, valued at $1,671,165.76. The trade was a 1.76% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders acquired a total of 3,671 shares of company stock valued at $53,125 in the last ninety days. Corporate insiders own 2.80% 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.