Modiv Industrial, Inc. (NYSE:MDV) Receives Consensus Rating of “Reduce” from Analysts

Modiv Industrial, Inc. (NYSE:MDV) has been assigned a consensus recommendation of “Reduce” from the six research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $18.50.

MDV has been the subject of a number of recent research reports. Lucid Cap Mkts downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Alliance Global Partners reissued a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Wall Street Zen downgraded shares of Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Cantor Fitzgerald downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Finally, Freedom Capital downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th.

Institutional Investors Weigh In On Modiv Industrial

Large investors have recently bought and sold shares of the company. BNP Paribas Financial Markets increased its stake in Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 866 shares in the last quarter. Royal Bank of Canada increased its stake in Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after purchasing an additional 1,914 shares in the last quarter. Bank of America Corp DE increased its stake in Modiv Industrial by 3,913.3% in the second 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 in the last quarter. JPMorgan Chase & Co. increased its stake in Modiv Industrial by 858.3% in the second 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 in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Modiv Industrial in the second quarter valued at approximately $72,000. Institutional investors own 8.21% of the company’s stock.

Modiv Industrial Price Performance

MDV opened at $18.00 on Tuesday. The company has a market cap of $185.72 million, a price-to-earnings ratio of -43.89 and a beta of -0.09. The firm has a 50 day simple moving average of $16.35 and a 200 day simple moving average of $15.35. Modiv Industrial has a fifty-two week low of $13.80 and a fifty-two week high of $18.67.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings results on Friday, May 8th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). The business had revenue of $11.70 million for the quarter, compared to the consensus estimate of $11.43 million. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%. As a group, analysts expect that Modiv Industrial will post 1.39 EPS for the current year.

Modiv Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a dividend yield of 6.7%. The ex-dividend date of this dividend is Tuesday, June 30th. Modiv Industrial’s payout ratio is -292.68%.

About Modiv Industrial

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.