Cantor Fitzgerald Initiates Coverage on Modiv Industrial (NYSE:MDV)

Equities researchers at Cantor Fitzgerald initiated coverage on shares of Modiv Industrial (NYSE:MDV) in a report issued on Wednesday, MarketBeat Ratings reports. The brokerage set an “overweight” rating and a $18.00 price target on the stock. Cantor Fitzgerald’s price objective points to a potential upside of 19.88% from the stock’s current price.

Separately, Weiss Ratings raised shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $18.00.

Modiv Industrial Trading Down 1.2%

NYSE:MDV opened at $15.02 on Wednesday. The stock has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $14.71. The stock has a market cap of $154.20 million, a P/E ratio of -57.75 and a beta of -0.31. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15.

Hedge Funds Weigh In On Modiv Industrial

Several hedge funds have recently bought and sold shares of the company. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Modiv Industrial during the 2nd quarter worth approximately $30,000. BNP Paribas Financial Markets raised its position in Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 866 shares in the last quarter. Bank of America Corp DE lifted its stake in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after purchasing an additional 2,935 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Modiv Industrial by 858.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after purchasing an additional 4,420 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Modiv Industrial in the 2nd quarter valued at $72,000. 8.21% of the stock is owned by institutional investors.

About Modiv Industrial

Modiv Industrial, Inc (NYSE: MDV) is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company’s portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.