683 Capital Management LLC Invests $321,000 in Modiv Industrial, Inc. (NYSE:MDV)

683 Capital Management LLC acquired a new position in shares of Modiv Industrial, Inc. (NYSE:MDV - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 21,565 shares of the company's stock, valued at approximately $321,000. 683 Capital Management LLC owned approximately 0.22% of Modiv Industrial as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MDV. State Street Corp boosted its position in shares of Modiv Industrial by 16.3% during the 3rd quarter. State Street Corp now owns 15,135 shares of the company's stock valued at $256,000 after acquiring an additional 2,121 shares during the last quarter. Barclays PLC purchased a new position in Modiv Industrial during the third quarter worth about $87,000. 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 last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Modiv Industrial in the 4th quarter valued at approximately $172,000. Finally, Bailard Inc. raised 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 valued at $198,000 after buying an additional 715 shares during the period. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

Modiv Industrial Price Performance

Shares of NYSE:MDV traded down $0.77 during midday trading on Monday, reaching $15.66. 51,644 shares of the company's stock were exchanged, compared to its average volume of 33,374. The firm's 50 day simple moving average is $15.55 and its two-hundred day simple moving average is $15.59. Modiv Industrial, Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $18.11. The stock has a market cap of $158.24 million, a price-to-earnings ratio of -142.32 and a beta of -0.24.

Modiv Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a $0.0975 dividend. The ex-dividend date is Wednesday, April 30th. Modiv Industrial's dividend payout ratio (DPR) is 468.00%.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on Modiv Industrial in a research report on Tuesday, April 22nd. They issued a "buy" rating and a $18.00 price objective for the company.

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.