Modiv Industrial, Inc. (NYSE:MDV) Short Interest Down 25.7% in December

Modiv Industrial, Inc. (NYSE:MDV) saw a large decline in short interest in December. As of December 15th, there was short interest totaling 195,459 shares, a decline of 25.7% from the November 30th total of 263,093 shares. Based on an average daily trading volume, of 33,886 shares, the short-interest ratio is presently 5.8 days. Approximately 2.0% of the shares of the stock are sold short. Approximately 2.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 33,886 shares, the short-interest ratio is presently 5.8 days.

Modiv Industrial Stock Down 0.0%

Shares of MDV stock traded down $0.00 during trading hours on Tuesday, reaching $14.57. 25,222 shares of the stock traded hands, compared to its average volume of 32,415. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15. The business has a fifty day moving average price of $14.61 and a 200 day moving average price of $14.65. The firm has a market capitalization of $149.59 million, a PE ratio of -56.02 and a beta of -0.32.

Modiv Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.0975 per share. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Modiv Industrial’s payout ratio is -450.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Police & Firemen s Retirement System of New Jersey acquired a new position in Modiv Industrial during the second quarter valued at $30,000. BNP Paribas Financial Markets grew its stake in Modiv Industrial by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after acquiring an additional 866 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Modiv Industrial by 3,913.3% in the 2nd quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after purchasing an additional 2,935 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Modiv Industrial by 858.3% in the 2nd 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 during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Modiv Industrial in the second quarter worth approximately $72,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Modiv Industrial in a research note on Monday. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Modiv Industrial presently has an average rating of “Buy” and a consensus target price of $18.00.

Modiv Industrial Company Profile

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.