B. Riley assumed coverage on shares of Modiv Industrial (NYSE:MDV - Free Report) in a research note released on Tuesday. The firm issued a buy rating and a $18.00 price target on the stock. B. Riley also issued estimates for Modiv Industrial's Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.37 EPS, FY2025 earnings at $1.41 EPS and FY2026 earnings at $1.51 EPS.
Modiv Industrial Stock Up 2.0 %
Shares of MDV traded up $0.33 during mid-day trading on Tuesday, hitting $16.64. The company had a trading volume of 72,900 shares, compared to its average volume of 32,899. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $18.11. The business's 50-day simple moving average is $15.35 and its 200-day simple moving average is $15.60. The stock has a market cap of $165.85 million, a PE ratio of -151.27 and a beta of -0.24.
Modiv Industrial Dividend Announcement
The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.0975 per share. The ex-dividend date of this dividend is Wednesday, April 30th. Modiv Industrial's dividend payout ratio is presently 468.00%.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDV. Barclays PLC acquired a new stake in Modiv Industrial during the third quarter worth about $87,000. Geode Capital Management LLC increased its position in Modiv Industrial by 25.3% during the 3rd quarter. Geode Capital Management LLC now owns 91,777 shares of the company's stock worth $1,543,000 after purchasing an additional 18,549 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Modiv Industrial during the 4th quarter worth approximately $248,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in Modiv Industrial in the fourth quarter valued at approximately $172,000. Finally, State Street Corp lifted its position in Modiv Industrial by 16.3% during the third quarter. State Street Corp now owns 15,135 shares of the company's stock valued at $256,000 after buying an additional 2,121 shares in the last quarter. Institutional investors and hedge funds own 8.21% of the company's stock.
Modiv Industrial Company Profile
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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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