Modiv Industrial (NYSE:MDV) Cut to Hold at Alliance Global Partners

Key Points

• Modiv Industrial (MDV) was downgraded by Alliance Global Partners from "strong-buy" to "hold," and several other firms have similarly shifted ratings, leaving a consensus analyst rating of Hold with a $18.50 target price.
• The company missed its most recent quarter with EPS of $0.02 versus $0.35 expected and revenue of $11.07M versus $11.38M expected; the stock trades around $17.80, has a market cap of about $184M and a negative PE of -57.41.

Modiv Industrial (NYSE:MDV - Get Free Report) was downgraded by research analysts at Alliance Global Partners from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

MDV has been the subject of several other research reports. Wall Street Zen raised shares of Modiv Industrial from a "sell" rating to a "hold" rating in a research report on Saturday, May 2nd. Freedom Capital lowered shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research note on Monday. Cantor Fitzgerald lowered shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a research note on Monday. Finally, Weiss Ratings upgraded shares of Modiv Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Monday, January 26th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Modiv Industrial currently has a consensus rating of "Hold" and a consensus target price of $18.50.

Modiv Industrial Stock Performance

Shares of MDV opened at $17.80 on Wednesday. The company has a 50 day moving average price of $15.26 and a 200-day moving average price of $14.91. Modiv Industrial has a fifty-two week low of $13.80 and a fifty-two week high of $18.05. The stock has a market capitalization of $183.67 million, a PE ratio of -57.41 and a beta of -0.14.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Geode Capital Management LLC raised its stake in shares of Modiv Industrial by 130.1% during the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company's stock worth $3,160,000 after acquiring an additional 126,850 shares in the last quarter. State Street Corp increased its stake in Modiv Industrial by 12.0% during the 4th quarter. State Street Corp now owns 120,787 shares of the company's stock valued at $1,750,000 after purchasing an additional 12,970 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in Modiv Industrial by 20.0% during 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 purchasing an additional 15,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Modiv Industrial by 17.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company's stock valued at $1,177,000 after purchasing an additional 12,439 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Modiv Industrial by 3.5% during the 3rd quarter. Penserra Capital Management LLC now owns 74,973 shares of the company's stock valued at $1,097,000 after purchasing an additional 2,535 shares in the last quarter. Institutional investors own 8.21% of the company's stock.

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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