Modiv Industrial (NYSE:MDV) Upgraded by Zacks Research to “Hold” Rating

Modiv Industrial (NYSE:MDV) was upgraded by equities research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

Several other research firms have also weighed in on MDV. Alliance Global Partners reissued a “neutral” rating and issued a $19.00 price objective (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Lucid Cap Mkts lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Freedom Capital cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Cantor Fitzgerald downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Wall Street Zen lowered Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Six analysts have rated the stock with a Hold rating, According to MarketBeat.com, Modiv Industrial has an average rating of “Hold” and an average price target of $18.50.

Modiv Industrial Stock Down 0.6%

Shares of NYSE MDV opened at $17.90 on Tuesday. Modiv Industrial has a twelve month low of $13.80 and a twelve month high of $18.83. The firm has a fifty day simple moving average of $17.54 and a 200 day simple moving average of $15.77. The company has a market capitalization of $184.73 million, a PE ratio of -43.66 and a beta of -0.08.

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

Institutional Trading of Modiv Industrial

Several large investors have recently made changes to their positions in MDV. BNP Paribas Financial Markets increased its position in Modiv Industrial by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after buying an additional 866 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Modiv Industrial by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 69,760 shares of the company’s stock worth $1,004,000 after acquiring an additional 1,637 shares in the last quarter. Royal Bank of Canada grew 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 acquiring an additional 1,914 shares during the period. Bank of America Corp DE grew 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 acquiring an additional 2,935 shares during the period. Finally, Wells Fargo & Company MN increased its holdings in shares of Modiv Industrial by 46.3% during the fourth quarter. Wells Fargo & Company MN now owns 10,488 shares of the company’s stock valued at $151,000 after acquiring an additional 3,317 shares in the last quarter. 8.21% of the stock is currently owned by institutional investors and hedge funds.

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.