Modiv Industrial (NYSE:MDV) Announces Quarterly Earnings Results

Key Points

• Modiv Industrial exceeded quarterly earnings expectations, reporting $0.45 per share versus the $0.03 consensus estimate. Revenue totaled $11.69 million, slightly above the $11.55 million forecast.
• Shares fell 1.4% to $17.96 following the results, while the company declared a monthly dividend of $0.10 per share, representing an annualized yield of approximately 6.7%.
• Analysts remain cautious, with all six tracked analysts rating the stock “Hold” and an average price target of $18.50. CEO Aaron Scott Halfacre also purchased roughly $100,847 of company stock.

Modiv Industrial (NYSE:MDV - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.42, FiscalAI reports. The firm had revenue of $11.69 million for the quarter, compared to the consensus estimate of $11.55 million. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%.

Modiv Industrial Stock Down 1.4%

MDV stock traded down $0.25 during trading on Tuesday, reaching $17.96. The stock had a trading volume of 355,157 shares, compared to its average volume of 65,950. Modiv Industrial has a one year low of $13.80 and a one year high of $18.96. The company's 50 day moving average is $17.86 and its two-hundred day moving average is $16.50. The company has a market capitalization of $185.37 million, a price-to-earnings ratio of -43.81 and a beta of -0.07.

Modiv Industrial Dividend Announcement

The company also recently declared a monthly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.7%. Modiv Industrial's payout ratio is -292.68%.

Insider Activity at Modiv Industrial

In other Modiv Industrial news, CEO Aaron Scott Halfacre bought 5,766 shares of the business's stock in a transaction dated Friday, June 26th. The shares were purchased at an average price 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 approximately $2,347,945.05. This represents a 4.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada increased its position in shares of Modiv Industrial by 648.8% during the 4th quarter. Royal Bank of Canada now owns 2,209 shares of the company's stock valued at $32,000 after purchasing an additional 1,914 shares during the last quarter. BNP Paribas Financial Markets grew its position in Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company's stock valued at $32,000 after buying an additional 866 shares during the period. Bank of America Corp DE grew its position in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company's stock valued at $42,000 after buying an additional 2,935 shares during the period. JPMorgan Chase & Co. increased its holdings in Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company's stock worth $69,000 after buying an additional 4,420 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Modiv Industrial during the second quarter worth about $72,000. Hedge funds and other institutional investors own 8.21% of the company's stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MDV. Zacks Research upgraded shares of Modiv Industrial from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 23rd. Lucid Cap Mkts lowered Modiv Industrial from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Cantor Fitzgerald downgraded Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research note on Monday, May 4th. 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 report on Thursday, May 7th. Finally, Freedom Capital cut Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Modiv Industrial currently has an average rating of "Hold" and an average target price of $18.50.

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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