Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) was the target of a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 20,800 shares, a drop of 58.6% from the April 30th total of 50,300 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 48,200 shares, the short-interest ratio is presently 0.4 days.

Modiv Industrial Trading Down 0.5%

NYSE MDV traded down $0.08 during midday trading on Monday, hitting $14.28. The company had a trading volume of 39,246 shares, compared to its average volume of 35,603. Modiv Industrial has a twelve month low of $13.62 and a twelve month high of $18.11. The company has a market capitalization of $144.45 million, a PE ratio of -129.77 and a beta of -0.24. The firm has a 50-day moving average price of $15.11 and a 200-day moving average price of $15.25.

Modiv Industrial Announces Dividend

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

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, CEO Aaron Scott Halfacre acquired 2,000 shares of the company's stock in a transaction on Thursday, May 8th. The stock was purchased at an average cost of $14.48 per share, with a total value of $28,960.00. Following the acquisition, the chief executive officer now directly owns 115,412 shares of the company's stock, valued at approximately $1,671,165.76. The trade was a 1.76% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders bought 3,671 shares of company stock valued at $53,125. Insiders own 2.80% of the company's stock.

Institutional Trading of Modiv Industrial

Institutional investors and hedge funds have recently modified their holdings of the business. Marshall Wace LLP bought a new stake in shares of Modiv Industrial during the 4th quarter worth $339,000. Hillsdale Investment Management Inc. bought a new stake in shares of Modiv Industrial during the 4th quarter worth $248,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Modiv Industrial during the 4th quarter worth $172,000. Dimensional Fund Advisors LP lifted its position in shares of Modiv Industrial by 23.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 35,454 shares of the company's stock worth $528,000 after buying an additional 6,702 shares during the last quarter. Finally, 683 Capital Management LLC bought a new stake in shares of Modiv Industrial during the 4th quarter worth $321,000. 8.21% of the stock is currently owned by institutional investors.

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.