Modiv Industrial, Inc. (NYSE:MDV) Short Interest Update

Modiv Industrial, Inc. (NYSE:MDV) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totaling 265,369 shares, a growth of 35.8% from the December 15th total of 195,459 shares. Based on an average daily volume of 33,817 shares, the short-interest ratio is currently 7.8 days. Currently, 2.7% of the shares of the company are short sold. Currently, 2.7% of the shares of the company are short sold. Based on an average daily volume of 33,817 shares, the short-interest ratio is currently 7.8 days.

Institutional Investors Weigh In On Modiv Industrial

Large investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its holdings in shares of Modiv Industrial by 130.1% during the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after acquiring an additional 126,850 shares during the period. State of New Jersey Common Pension Fund D increased its position in Modiv Industrial by 50.0% during the third quarter. State of New Jersey Common Pension Fund D now owns 75,000 shares of the company’s stock worth $1,098,000 after purchasing an additional 25,000 shares during the last quarter. Penserra Capital Management LLC raised its stake in Modiv Industrial by 3.5% during the third quarter. Penserra Capital Management LLC now owns 74,973 shares of the company’s stock worth $1,097,000 after purchasing an additional 2,535 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Modiv Industrial by 48.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,123 shares of the company’s stock valued at $997,000 after purchasing an additional 22,265 shares during the last quarter. Finally, Two Sigma Investments LP purchased a new stake in shares of Modiv Industrial during the 3rd quarter valued at $824,000. 8.21% of the stock is owned by institutional investors and hedge funds.

Modiv Industrial Stock Down 0.8%

Shares of Modiv Industrial stock traded down $0.13 during trading on Monday, reaching $14.71. The company’s stock had a trading volume of 35,200 shares, compared to its average volume of 31,827. The business has a 50 day moving average price of $14.58 and a 200-day moving average price of $14.65. Modiv Industrial has a 12-month low of $13.62 and a 12-month high of $17.15. The company has a market capitalization of $151.02 million, a P/E ratio of -56.56 and a beta of -0.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings lowered Modiv Industrial from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.