Modiv Industrial (NYSE:MDV) Trading Up 0.5%

Modiv Industrial, Inc. (NYSE:MDV) shares were up 0.5% during trading on Wednesday . The company traded as high as $15.25 and last traded at $15.18. Approximately 7,263 shares changed hands during mid-day trading, a decline of 73% from the average daily volume of 26,517 shares. The stock had previously closed at $15.10.

Modiv Industrial Trading Up 0.5 %

The stock has a market capitalization of $139.20 million, a price-to-earnings ratio of -10.69, a price-to-earnings-growth ratio of 2.20 and a beta of -0.31. The stock’s 50 day moving average is $15.40 and its two-hundred day moving average is $15.19.

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

Modiv Industrial Dividend Announcement

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

Insider Transactions at Modiv Industrial

In other Modiv Industrial news, major shareholder First City Investment Group, L sold 3,654 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $17.02, for a total value of $62,191.08. Following the sale, the insider now owns 651,972 shares in the company, valued at $11,096,563.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last ninety days, insiders have acquired 1,262 shares of company stock valued at $18,620 and have sold 5,953 shares valued at $101,438. Insiders own 4.60% of the company’s stock.

Institutional Investors Weigh In On Modiv Industrial

A hedge fund recently raised its stake in Modiv Industrial stock. Bard Associates Inc. increased its holdings in Modiv Industrial, Inc. (NYSE:MDV) by 1.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 107,465 shares of the company’s stock after acquiring an additional 1,590 shares during the period. Bard Associates Inc. owned about 1.42% of Modiv Industrial worth $1,611,000 at the end of the most recent quarter. Institutional investors own 8.21% of the company’s stock.

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.