Modiv Industrial (NYSE:MDV) Rating Lowered to "Hold" at Cantor Fitzgerald

Modiv Industrial (NYSE:MDV - Get Free Report) was downgraded by equities researchers at Cantor Fitzgerald from a "strong-buy" rating to a "hold" rating in a research note issued on Monday,Zacks.com reports.

A number of other analysts also recently weighed in on MDV. Weiss Ratings upgraded Modiv Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 26th. Wall Street Zen upgraded Modiv Industrial from a "sell" rating to a "hold" rating in a report on Saturday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $18.00.

Modiv Industrial Stock Down 0.8%

Shares of NYSE:MDV opened at $17.79 on Monday. The firm has a market cap of $183.52 million, a P/E ratio of -57.37 and a beta of -0.14. Modiv Industrial has a 12-month low of $13.80 and a 12-month high of $18.05. The business has a fifty day simple moving average of $15.17 and a 200 day simple moving average of $14.87.

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

Institutional Trading of Modiv Industrial

A number of large investors have recently bought and sold shares of MDV. Geode Capital Management LLC grew its holdings in 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 during the period. Meixler Investment Management Ltd. acquired a new stake in shares of Modiv Industrial in the 4th quarter valued at about $1,023,000. North Star Investment Management Corp. acquired a new stake in shares of Modiv Industrial in the 1st quarter valued at about $859,000. Two Sigma Investments LP acquired a new stake in shares of Modiv Industrial in the 3rd quarter valued at about $824,000. Finally, Jane Street Group LLC grew its stake in shares of Modiv Industrial by 129.2% in the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company's stock valued at $730,000 after buying an additional 25,645 shares during the period. 8.21% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.