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

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.

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.