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Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre Purchases 3,121 Shares

Modiv Industrial logo with Finance background

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) CEO Aaron Scott Halfacre purchased 3,121 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average cost of $14.10 per share, for a total transaction of $44,006.10. Following the completion of the purchase, the chief executive officer now directly owns 120,000 shares of the company's stock, valued at approximately $1,692,000. The trade was a 2.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

  • On Wednesday, May 14th, Aaron Scott Halfacre purchased 671 shares of Modiv Industrial stock. The stock was purchased 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 price of $14.48 per share, with a total value of $28,960.00.

Modiv Industrial Stock Performance

Shares of NYSE MDV traded down $0.01 during mid-day trading on Friday, reaching $14.08. 24,833 shares of the company's stock were exchanged, compared to its average volume of 36,002. The company's 50-day moving average is $14.96 and its 200-day moving average is $15.20. Modiv Industrial, Inc. has a 52-week low of $13.62 and a 52-week high of $18.11. The firm has a market capitalization of $142.42 million, a price-to-earnings ratio of -127.95 and a beta of -0.31.

Modiv Industrial Dividend Announcement

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

Hedge Funds Weigh In On Modiv Industrial

Several hedge funds have recently bought and sold shares of MDV. Sumitomo Mitsui Trust Group Inc. acquired a new position in Modiv Industrial during the 4th quarter worth about $172,000. 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 worth $198,000 after acquiring an additional 715 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Modiv Industrial during the 4th quarter worth approximately $248,000. Resona Asset Management Co. Ltd. purchased a new position in Modiv Industrial during the 4th quarter worth approximately $50,000. Finally, TT Capital Management LLC purchased a new position in Modiv Industrial during the 4th quarter worth approximately $158,000. Institutional investors and hedge funds own 8.21% of the company's stock.

Wall Street Analysts Forecast Growth

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

Check Out Our Latest Stock Analysis on MDV

Modiv Industrial Company Profile

(Get 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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