Modiv Industrial, Inc. (NYSE:MDV) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Analysts have a consensus recommendation of Hold on Modiv Industrial (five analysts) with a one-year average price target of $18.50; several firms recently downgraded the stock from "strong-buy" to "hold" while others upgraded it from "sell" to "hold."
• Modiv's latest quarter missed expectations—reported EPS $0.02 vs. $0.35 expected and revenue $11.07M vs. $11.38M—and the company has a market cap of about $183.7M with a one-year trading range of $13.80–$18.05.
• The company declared a monthly $0.10 dividend (ex-dividend June 30, payable July 15) implying a ~6.7% yield, though the dividend payout ratio is deeply negative (-387.1%); institutional investors own roughly 8.21% of the stock with several funds recently increasing positions.

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five analysts that are covering the company, MarketBeat.com reports. Five analysts have rated the stock with a hold rating. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $18.50.

A number of research analysts have commented on MDV shares. Freedom Capital downgraded shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research report on Monday. Lucid Cap Mkts downgraded shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research report on Monday. Weiss Ratings upgraded shares of Modiv Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 26th. Wall Street Zen upgraded shares of Modiv Industrial from a "sell" rating to a "hold" rating in a report on Saturday, May 2nd. Finally, Alliance Global Partners restated a "neutral" rating and issued a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a report on Thursday.

Institutional Trading of Modiv Industrial

A number of institutional investors have recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Modiv Industrial by 130.1% in the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company's stock valued at $3,160,000 after buying an additional 126,850 shares in the last quarter. State Street Corp boosted its holdings in shares of Modiv Industrial by 12.0% in the 4th quarter. State Street Corp now owns 120,787 shares of the company's stock valued at $1,750,000 after buying an additional 12,970 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Modiv Industrial by 20.0% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 90,000 shares of the company's stock valued at $1,295,000 after buying an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings 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 valued at $1,177,000 after buying an additional 12,439 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its holdings in shares of Modiv Industrial by 3.5% in the 3rd quarter. Penserra Capital Management LLC now owns 74,973 shares of the company's stock valued at $1,097,000 after buying an additional 2,535 shares in the last quarter. 8.21% of the stock is currently owned by institutional investors.

Modiv Industrial Stock Performance

NYSE MDV opened at $17.80 on Friday. The company has a market capitalization of $183.67 million, a price-to-earnings ratio of -57.41 and a beta of -0.14. The company's 50-day simple moving average is $15.26 and its two-hundred day simple moving average is $14.91. Modiv Industrial has a one year low of $13.80 and a one year high of $18.05.

Modiv Industrial (NYSE:MDV - Get Free Report) last posted its earnings results on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.35 by ($0.33). The business had revenue of $11.07 million for the quarter, compared to analysts' expectations of $11.38 million. Modiv Industrial had a net margin of 2.30% and a return on equity of 0.52%. Equities analysts expect that Modiv Industrial will post 1.5 earnings per share for the current fiscal year.

Modiv Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date is Tuesday, June 30th. Modiv Industrial's dividend payout ratio (DPR) is currently -387.10%.

About Modiv Industrial

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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