Modiv Industrial (NYSE:MDV) Lowered to Sell Rating by Wall Street Zen

Key Points

• Wall Street Zen downgraded Modiv Industrial (MDV) from a "hold" to a "sell" in a research note issued Saturday, signaling a negative analyst view.
• Analyst opinion is mixed: Cantor Fitzgerald recently initiated coverage with an "overweight" rating and an $18 price target, and the stock's consensus rating remains a Buy with an $18 consensus price target.
• Modiv reported a quarterly earnings miss—EPS of $0.02 vs. $0.35 expected and revenue of $11.07M vs. $11.38M—while the stock trades around $14.11 with a market cap of about $146M.

Modiv Industrial (NYSE:MDV - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued to clients and investors on Saturday.

Other research analysts also recently issued reports about the company. Weiss Ratings raised Modiv Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 26th. Cantor Fitzgerald started coverage on Modiv Industrial in a report on Wednesday, February 4th. They issued an "overweight" rating and a $18.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $18.00.

Modiv Industrial Stock Down 0.9%

Shares of NYSE MDV opened at $14.11 on Friday. Modiv Industrial has a twelve month low of $13.62 and a twelve month high of $17.15. The firm has a market cap of $145.64 million, a P/E ratio of -45.52 and a beta of -0.31. The company has a 50 day moving average of $14.95 and a 200 day moving average of $14.72.

Modiv Industrial (NYSE:MDV - Get Free Report) last issued its earnings results on Wednesday, March 25th. The company reported $0.02 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts expect that Modiv Industrial will post 1.18 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Modiv Industrial

A number of hedge funds have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Modiv Industrial during the 2nd quarter valued at $30,000. Royal Bank of Canada increased its position in Modiv Industrial by 648.8% during the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company's stock valued at $32,000 after acquiring an additional 1,914 shares during the last quarter. BNP Paribas Financial Markets increased 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 acquiring an additional 866 shares during the last quarter. Bank of America Corp DE lifted its holdings in Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company's stock valued at $42,000 after acquiring an additional 2,935 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company's stock valued at $69,000 after acquiring an additional 4,420 shares during the period. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

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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