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

Key Points

• Wall Street Zen downgraded Modiv Industrial from hold to sell, adding to a mixed but generally cautious analyst view on the stock.
• The latest quarterly results missed earnings expectations, with EPS of -$0.11 versus the $0.01 consensus, even though revenue came in slightly above estimates at $11.7 million.
• Modiv Industrial shares recently traded near their 52-week high at $17.94, while analysts maintain a consensus hold rating and an average price target of $18.50.

Modiv Industrial (NYSE:MDV - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Sunday.

Other equities research analysts have also recently issued research reports about the stock. Lucid Cap Mkts cut shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Cantor Fitzgerald cut shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Alliance Global Partners reissued a "neutral" rating and set a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a report on Thursday. Weiss Ratings raised shares of Modiv Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 26th. Finally, Freedom Capital cut shares of Modiv Industrial from a "strong-buy" rating to a "hold" rating in a report on Monday, May 4th. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $18.50.

Modiv Industrial Price Performance

Shares of MDV stock opened at $17.94 on Friday. The company's fifty day simple moving average is $15.26 and its two-hundred day simple moving average is $14.91. Modiv Industrial has a 1 year low of $13.80 and a 1 year high of $18.05. The stock has a market capitalization of $185.17 million, a price-to-earnings ratio of -43.76 and a beta of -0.14.

Modiv Industrial (NYSE:MDV - Get Free Report) last issued its earnings results on Wednesday, May 6th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.12). Modiv Industrial had a net margin of 2.30% and a return on equity of 0.52%. The business had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.43 million. Equities research analysts anticipate that Modiv Industrial will post 1.5 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE increased its holdings in shares of Modiv Industrial by 248.2% in the third quarter. Bank of America Corp DE now owns 10,482 shares of the company's stock worth $153,000 after purchasing an additional 7,472 shares during the period. Royal Bank of Canada increased its holdings in shares of Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company's stock worth $32,000 after purchasing an additional 1,914 shares during the period. BNP Paribas Financial Markets increased its stake in Modiv Industrial by 65.7% in 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. Dimensional Fund Advisors LP increased its stake in Modiv Industrial by 17.8% in the first quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company's stock valued at $1,177,000 after acquiring an additional 12,439 shares during the last quarter. Finally, AlphaCentric Advisors LLC bought a new position in Modiv Industrial in the first quarter valued at $143,000. Institutional investors own 8.21% of the company's stock.

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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