Modiv Industrial (MDV) to Release Earnings on Thursday

Modiv Industrial (NYSE:MDV) is set to post its quarterly earnings results before the market opens on Thursday, May 2nd. Analysts expect Modiv Industrial to post earnings of $0.33 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Modiv Industrial (NYSE:MDV) last released its earnings results on Monday, March 4th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.35). The company had revenue of $12.29 million for the quarter, compared to the consensus estimate of $12.53 million. Modiv Industrial had a negative return on equity of 2.82% and a negative net margin of 14.09%. During the same quarter in the previous year, the company posted $0.68 EPS. On average, analysts expect Modiv Industrial to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Modiv Industrial Price Performance

MDV stock traded down $0.06 during mid-day trading on Tuesday, reaching $14.87. The company had a trading volume of 9,077 shares, compared to its average volume of 26,311. The company has a market capitalization of $139.63 million, a price-to-earnings ratio of -10.54, a PEG ratio of 2.18 and a beta of -0.31. Modiv Industrial has a 52 week low of $10.70 and a 52 week high of $19.12. The stock has a 50 day simple moving average of $15.42 and a two-hundred day simple moving average of $15.18.

Modiv Industrial Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, Alliance Global Partners assumed coverage on shares of Modiv Industrial in a research report on Monday. They set a “buy” rating and a $18.00 price target on the stock.

Insider Buying and Selling

In other news, major shareholder First City Investment Group, L sold 3,654 shares of Modiv Industrial stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $17.02, for a total transaction of $62,191.08. Following the completion of the transaction, the insider now directly owns 651,972 shares in the company, valued at approximately $11,096,563.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last 90 days, insiders acquired 1,045 shares of company stock worth $15,597 and sold 5,953 shares worth $101,438. 4.60% of the stock is currently owned by corporate insiders.

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.