Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 26.9% in July

Modiv Industrial, Inc. (NYSE:MDV) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 370,700 shares, agrowthof26.9% from the July 15th total of 292,100 shares. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 5.8 days. Approximately4.0% of the shares of the company are sold short. Approximately4.0% of the shares of the company are sold short. Based on an average daily trading volume, of 64,000 shares, the days-to-cover ratio is currently 5.8 days.

Insider Buying and Selling at Modiv Industrial

In other news, CEO Aaron Scott Halfacre bought 3,121 shares of the company’s stock in a transaction dated Tuesday, June 3rd. The stock was bought at an average price of $14.10 per share, with a total value of $44,006.10. Following the completion of the acquisition, the chief executive officer owned 120,000 shares of the company’s stock, valued at $1,692,000. This represents a 2.67% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders acquired a total of 4,193 shares of company stock worth $59,177 over the last three months. 2.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Modiv Industrial

A number of hedge funds and other institutional investors have recently modified their holdings of MDV. Jones Financial Companies Lllp raised its stake in Modiv Industrial by 117,253.5% in the first quarter. Jones Financial Companies Lllp now owns 300,425 shares of the company’s stock valued at $4,822,000 after purchasing an additional 300,169 shares in the last quarter. Geode Capital Management LLC raised its stake in Modiv Industrial by 130.1% in the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after purchasing an additional 126,850 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in Modiv Industrial in the second quarter valued at about $693,000. Jane Street Group LLC raised its stake in Modiv Industrial by 129.2% in the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after purchasing an additional 25,645 shares in the last quarter. Finally, Millennium Management LLC raised its stake in Modiv Industrial by 154.1% in the fourth quarter. Millennium Management LLC now owns 38,344 shares of the company’s stock valued at $571,000 after purchasing an additional 23,251 shares in the last quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Stock Performance

MDV opened at $15.3540 on Friday. Modiv Industrial has a fifty-two week low of $13.62 and a fifty-two week high of $18.11. The company has a market capitalization of $156.00 million, a P/E ratio of -34.90 and a beta of -0.31. The stock has a fifty day moving average of $14.58 and a 200-day moving average of $14.93.

Modiv Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.0975 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 7.6%. Modiv Industrial’s dividend payout ratio (DPR) is currently -265.91%.

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.