Modiv Industrial (NYSE:MDV) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• Wall Street Zen upgraded Modiv Industrial (MDV) from a "sell" to a "hold"; Weiss Ratings also moved to hold while Cantor Fitzgerald remains "overweight" with an $18 price target, and the consensus rating is Moderate Buy with an average $18 target.
• Modiv reported Q1 EPS of $0.02, missed estimates of $0.35 and posted $11.07M in revenue versus $11.38M expected; the stock trades around $16.10 with a $166.1M market cap and a negative PE of -51.92.
• Several institutions (JPMorgan, Bank of America, RBC, BNP Paribas, MIRAE) increased stakes recently, but overall institutional ownership remains relatively low at 8.21%.

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

Other research analysts have also recently issued research reports about the company. Weiss Ratings upgraded Modiv Industrial from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Monday, January 26th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $18.00 target price on shares of Modiv Industrial in a research report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $18.00.

Modiv Industrial Stock Up 0.8%

Modiv Industrial stock opened at $16.10 on Friday. Modiv Industrial has a 12-month low of $13.80 and a 12-month high of $16.57. The business's 50-day moving average price is $15.12 and its two-hundred day moving average price is $14.84. The stock has a market cap of $166.10 million, a PE ratio of -51.92 and a beta of -0.14.

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

Institutional Trading of Modiv Industrial

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Modiv Industrial during the second quarter valued at about $72,000. JPMorgan Chase & Co. boosted its stake in shares of Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company's stock valued at $69,000 after purchasing an additional 4,420 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of 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 worth $42,000 after acquiring an additional 2,935 shares during the period. Royal Bank of Canada lifted its stake 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 acquiring an additional 1,914 shares during the period. Finally, BNP Paribas Financial Markets lifted its stake in shares of Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company's stock worth $32,000 after acquiring an additional 866 shares during the period. 8.21% of the stock is owned by institutional investors and hedge funds.

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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