Modiv Industrial (NYSE:MDV - Get Free Report) was upgraded by investment analysts at B. Riley to a "strong-buy" rating in a research note issued to investors on Monday, April 21st,Zacks.com reports. B. Riley also issued estimates for Modiv Industrial's Q1 2025 earnings at $0.33 EPS, Q2 2025 earnings at $0.38 EPS, Q3 2025 earnings at $0.32 EPS, Q4 2025 earnings at $0.37 EPS, FY2025 earnings at $1.41 EPS and FY2026 earnings at $1.51 EPS.
Modiv Industrial Price Performance
Modiv Industrial stock traded up $0.23 during midday trading on Monday, reaching $16.87. 38,165 shares of the company traded hands, compared to its average volume of 32,923. Modiv Industrial has a 12 month low of $13.62 and a 12 month high of $18.11. The business has a 50 day moving average of $15.35 and a two-hundred day moving average of $15.59. The firm has a market capitalization of $168.14 million, a price-to-earnings ratio of -153.41 and a beta of -0.24.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bailard Inc. lifted its stake in shares of Modiv Industrial by 5.7% in the 4th quarter. Bailard Inc. now owns 13,302 shares of the company's stock worth $198,000 after purchasing an additional 715 shares during the period. State Street Corp raised its position in Modiv Industrial by 16.3% in the third quarter. State Street Corp now owns 15,135 shares of the company's stock worth $256,000 after acquiring an additional 2,121 shares during the period. Northern Trust Corp boosted its stake in shares of Modiv Industrial by 19.6% during the 4th quarter. Northern Trust Corp now owns 16,687 shares of the company's stock worth $248,000 after acquiring an additional 2,732 shares during the last quarter. Resona Asset Management Co. Ltd. bought a new stake in shares of Modiv Industrial during the 4th quarter valued at $50,000. Finally, Barclays PLC purchased a new stake in shares of Modiv Industrial in the 3rd quarter worth $87,000. 8.21% of the stock is owned by hedge funds and other institutional investors.
Modiv Industrial Company Profile
(
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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.
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