Aaron Scott Halfacre Buys 3,121 Shares of Modiv Industrial, Inc. (NYSE:MDV) Stock

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) CEO Aaron Scott Halfacre purchased 3,121 shares of the stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $14.10 per share, with a total value of $44,006.10. Following the completion of the acquisition, the chief executive officer now directly owns 120,000 shares of the company's stock, valued at approximately $1,692,000. This represents a 2.67% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Aaron Scott Halfacre also recently made the following trade(s):

• On Wednesday, May 14th, Aaron Scott Halfacre acquired 671 shares of Modiv Industrial stock. The stock was bought at an average cost of $14.27 per share, for a total transaction of $9,575.17.
• On Thursday, May 8th, Aaron Scott Halfacre bought 2,000 shares of Modiv Industrial stock. The stock was bought at an average cost of $14.48 per share, with a total value of $28,960.00.

Modiv Industrial Price Performance

Shares of MDV traded up $0.03 during mid-day trading on Friday, hitting $14.11. 13,575 shares of the company's stock were exchanged, compared to its average volume of 35,843. Modiv Industrial, Inc. has a 52 week low of $13.62 and a 52 week high of $18.11. The company has a market cap of $142.79 million, a PE ratio of -128.36 and a beta of -0.31. The company has a 50-day simple moving average of $15.00 and a 200 day simple moving average of $15.22.

Modiv Industrial Dividend Announcement

The firm also recently announced a dividend, which was paid on Thursday, May 15th. Investors of record on Wednesday, April 30th were issued a dividend of $0.0975 per share. The ex-dividend date was Wednesday, April 30th. Modiv Industrial's payout ratio is -1,300.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the business. Resona Asset Management Co. Ltd. acquired a new position in shares of Modiv Industrial during the 4th quarter worth about $50,000. CWM LLC raised its holdings in Modiv Industrial by 12.4% during the first quarter. CWM LLC now owns 7,000 shares of the company's stock worth $112,000 after acquiring an additional 770 shares in the last quarter. TT Capital Management LLC acquired a new position in Modiv Industrial during the fourth quarter valued at approximately $158,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Modiv Industrial in the fourth quarter valued at approximately $172,000. Finally, Jefferies Financial Group Inc. acquired a new position in shares of Modiv Industrial during the 1st quarter worth approximately $173,000. Institutional investors own 8.21% of the company's stock.

Analyst Upgrades and Downgrades

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

About Modiv Industrial

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.