683 Capital Management LLC bought a new stake in Modiv Industrial, Inc. (NYSE:MDV - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 21,565 shares of the company's stock, valued at approximately $321,000. 683 Capital Management LLC owned about 0.22% of Modiv Industrial as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Marshall Wace LLP purchased a new stake in shares of Modiv Industrial in the fourth quarter worth about $339,000. Jane Street Group LLC purchased a new stake in Modiv Industrial in the 4th quarter worth approximately $295,000. Geode Capital Management LLC boosted its holdings in Modiv Industrial by 25.3% in the 3rd quarter. Geode Capital Management LLC now owns 91,777 shares of the company's stock valued at $1,543,000 after purchasing an additional 18,549 shares during the period. Hillsdale Investment Management Inc. purchased a new position in shares of Modiv Industrial during the 4th quarter valued at $248,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Modiv Industrial in the fourth quarter worth $175,000. 8.21% of the stock is owned by institutional investors.
Modiv Industrial Price Performance
Modiv Industrial stock traded up $0.07 during trading hours on Thursday, reaching $14.69. The company had a trading volume of 67,040 shares, compared to its average volume of 34,170. Modiv Industrial, Inc. has a 12-month low of $13.62 and a 12-month high of $18.11. The company has a 50-day moving average price of $15.53 and a 200 day moving average price of $15.58. The firm has a market cap of $148.45 million, a price-to-earnings ratio of -133.51 and a beta of -0.24.
Modiv Industrial Dividend Announcement
The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.0975 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. Modiv Industrial's payout ratio is 468.00%.
Wall Street Analysts Forecast Growth
Separately, B. Riley started coverage on Modiv Industrial in a research note on Tuesday, April 22nd. They set a "buy" rating and a $18.00 price objective for the company.
Check Out Our Latest Analysis on Modiv Industrial
About Modiv Industrial
(
Free Report)
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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