Modiv Industrial, Inc. (NYSE:MDV) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Modiv Industrial, with all six covering firms issuing hold ratings and an average 12-month price target of $18.50.
• Modiv Industrial reported quarterly EPS of $0.45, exceeding the $0.03 analyst consensus, while revenue of $11.69 million slightly surpassed expectations.
• The company paid a monthly dividend of $0.10 per share, representing an annualized yield of approximately 6.6%, though its payout ratio was elevated at 333.33%.

Shares of Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) have been given a consensus recommendation of "Hold" by the six research firms that are covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $18.50.

Several research analysts have commented on MDV shares. Alliance Global Partners restated a "neutral" rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Modiv Industrial from a "hold" rating to a "sell" rating in a report on Sunday, May 10th. Cantor Fitzgerald cut shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. Weiss Ratings raised shares of Modiv Industrial from a "hold (c)" rating to a "hold (c+)" rating in a report on Wednesday. Finally, Zacks Research upgraded shares of Modiv Industrial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, June 23rd.

Modiv Industrial Stock Performance

NYSE MDV opened at $18.05 on Friday. Modiv Industrial has a 52-week low of $13.80 and a 52-week high of $18.96. The company has a 50-day simple moving average of $17.85 and a 200 day simple moving average of $16.57. The company has a market capitalization of $186.35 million, a PE ratio of 50.14 and a beta of -0.07.

Modiv Industrial (NYSE:MDV - Get Free Report) last issued its quarterly earnings results on Tuesday, August 11th. The company reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.03 by $0.42. Modiv Industrial had a return on equity of 3.75% and a net margin of 16.35%.The firm had revenue of $11.69 million for the quarter, compared to analysts' expectations of $11.57 million. As a group, analysts forecast that Modiv Industrial will post 1.39 EPS for the current fiscal year.

Modiv Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.6%. Modiv Industrial's dividend payout ratio (DPR) is currently 333.33%.

Insider Buying and Selling

In other Modiv Industrial news, CEO Aaron Scott Halfacre bought 5,766 shares of the firm's stock in a transaction on Friday, June 26th. The shares were acquired at an average cost of $17.49 per share, for a total transaction of $100,847.34. Following the purchase, the chief executive officer directly owned 134,245 shares of the company's stock, valued at $2,347,945.05. The trade was a 4.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Institutional Trading of Modiv Industrial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in Modiv Industrial in the second quarter worth $420,000. Militia Capital Management LLC purchased a new position in shares of Modiv Industrial during the first quarter valued at about $352,000. Bank of America Corp DE grew its holdings in shares of Modiv Industrial by 27.8% during the 1st quarter. Bank of America Corp DE now owns 21,079 shares of the company's stock worth $302,000 after acquiring an additional 4,586 shares during the period. Renaissance Technologies LLC raised its holdings in Modiv Industrial by 14.7% in the first quarter. Renaissance Technologies LLC now owns 75,700 shares of the company's stock worth $1,084,000 after purchasing an additional 9,702 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Modiv Industrial by 17.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company's stock worth $1,177,000 after acquiring an additional 12,439 shares in the last quarter. Hedge funds and other institutional investors own 8.21% of the company's stock.

Modiv Industrial Company Profile

Modiv Industrial, Inc NYSE: MDV is a publicly traded real estate investment trust that specializes in the acquisition, ownership and management of single-tenant industrial properties. The company's portfolio is anchored by net-lease agreements with corporate and public sector tenants, providing stable, long-term cash flows. Modiv Industrial focuses on light manufacturing facilities, warehouse and distribution centers, and similar industrial real estate assets that serve as critical links in supply chains.

Modiv Industrial pursues a geographically diversified strategy, targeting properties in key U.S.

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