First City Investment Group, L Sells 704 Shares of Modiv Industrial, Inc. (NYSE:MDV) Stock

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) major shareholder First City Investment Group, L sold 704 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $17.30, for a total value of $12,179.20. Following the transaction, the insider now owns 648,944 shares of the company's stock, valued at $11,226,731.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.

First City Investment Group, L also recently made the following trade(s):

• On Tuesday, March 26th, First City Investment Group, L sold 3,654 shares of Modiv Industrial stock. The stock was sold at an average price of $17.02, for a total value of $62,191.08.
• On Wednesday, March 20th, First City Investment Group, L sold 565 shares of Modiv Industrial stock. The shares were sold at an average price of $16.68, for a total value of $9,424.20.

Modiv Industrial Price Performance

MDV stock traded down $0.87 during mid-day trading on Wednesday, reaching $15.03. The company had a trading volume of 37,198 shares, compared to its average volume of 27,233. The stock has a 50 day simple moving average of $15.31 and a two-hundred day simple moving average of $15.21. The company has a market capitalization of $137.87 million, a price-to-earnings ratio of -10.67, a PEG ratio of 2.40 and a beta of -0.31. Modiv Industrial, Inc. has a 52 week low of $10.22 and a 52 week high of $19.12.

Modiv Industrial (NYSE:MDV - Get Free Report) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.03 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.35). The company had revenue of $12.29 million during the quarter, compared to the consensus estimate of $12.53 million. Modiv Industrial had a negative net margin of 14.09% and a negative return on equity of 2.82%. During the same quarter in the prior year, the business earned $0.68 earnings per share. On average, equities analysts predict that Modiv Industrial, Inc. will post 1.38 EPS for the current year.

Modiv Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Tuesday, May 28th. Shareholders of record on Tuesday, April 30th will be paid a $0.0958 dividend. The ex-dividend date of this dividend is Monday, April 29th. Modiv Industrial's dividend payout ratio is -80.99%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of MDV. Vanguard Group Inc. boosted its stake in shares of Modiv Industrial by 56.7% during the 3rd quarter. Vanguard Group Inc. now owns 307,385 shares of the company's stock worth $4,488,000 after acquiring an additional 111,266 shares during the period. BlackRock Inc. boosted its stake in shares of Modiv Industrial by 365.9% during the 3rd quarter. BlackRock Inc. now owns 80,380 shares of the company's stock worth $1,174,000 after acquiring an additional 63,129 shares during the period. Millennium Management LLC bought a new position in shares of Modiv Industrial during the 2nd quarter worth approximately $298,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Modiv Industrial during the 2nd quarter worth approximately $183,000. Finally, Renaissance Technologies LLC bought a new position in shares of Modiv Industrial during the 1st quarter worth approximately $115,000. 8.21% of the stock is currently owned by institutional investors.

About Modiv Industrial

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.