Weiss Ratings Upgrades Modiv Industrial (NYSE:MDV) to "Hold (C-)"

Key Points

• Weiss Ratings has upgraded Modiv Industrial (NYSE:MDV) from a "sell (D+)" rating to a "hold (C-)", indicating a more favorable outlook for the stock.
• Modiv Industrial's stock opened at $14.41, with a market cap of $146.41 million and a notable price-to-earnings ratio of -32.75.
• Institutional investors have increased their stakes in Modiv Industrial, with Jones Financial Companies Lllp significantly raising its position by 117,253.5% in the first quarter.

Modiv Industrial (NYSE:MDV - Get Free Report) was upgraded by Weiss Ratings from a "sell (d+)" rating to a "hold (c-)" rating in a report released on Wednesday,Weiss Ratings reports.

Modiv Industrial Price Performance

NYSE:MDV opened at $14.41 on Wednesday. The firm has a market cap of $146.41 million, a price-to-earnings ratio of -32.75 and a beta of -0.32. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $18.11. The firm's fifty day moving average price is $14.84 and its 200 day moving average price is $14.83.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Jones Financial Companies Lllp raised its stake in shares of Modiv Industrial by 117,253.5% during the 1st quarter. Jones Financial Companies Lllp now owns 300,425 shares of the company's stock worth $4,822,000 after buying an additional 300,169 shares during the last quarter. Crossingbridge Advisors LLC purchased a new position in Modiv Industrial in the 1st quarter worth approximately $273,000. Jefferies Financial Group Inc. purchased a new position in Modiv Industrial in the 1st quarter worth approximately $173,000. CWM LLC boosted its holdings in Modiv Industrial by 12.4% in the 1st quarter. CWM LLC now owns 7,000 shares of the company's stock worth $112,000 after acquiring an additional 770 shares during the period. Finally, Penserra Capital Management LLC boosted its stake in shares of Modiv Industrial by 20.8% during the 1st quarter. Penserra Capital Management LLC now owns 68,128 shares of the company's stock valued at $1,093,000 after buying an additional 11,753 shares during the last quarter. Institutional investors and hedge funds own 8.21% of the company's stock.

Modiv Industrial Company Profile

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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