Modiv Industrial, Inc. (NYSE:MDV) Given Average Rating of “Hold” by Brokerages

Modiv Industrial, Inc. (NYSE:MDV) has been assigned a consensus recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $18.50.

Several equities research analysts have weighed in on the company. Weiss Ratings upgraded Modiv Industrial from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. Zacks Research upgraded Modiv Industrial from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 23rd.

Modiv Industrial Stock Performance

Shares of NYSE:MDV opened at $18.05 on Thursday. The firm has a market cap of $186.35 million, a PE ratio of 50.14 and a beta of -0.07. The firm’s 50 day simple moving average is $17.88 and its 200-day simple moving average is $16.96. Modiv Industrial has a one year low of $13.80 and a one year high of $18.96.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.42. Modiv Industrial had a return on equity of 3.75% and a net margin of 16.35%.The firm had revenue of $11.69 million during the quarter, compared to analyst estimates of $11.57 million. Equities research analysts predict that Modiv Industrial will post 1.39 EPS for the current fiscal year.

Insider Transactions at Modiv Industrial

In other Modiv Industrial news, CEO Aaron Halfacre bought 5,766 shares of the company’s stock in a transaction on Friday, June 26th. The shares were bought at an average cost of $17.49 per share, for a total transaction of $100,847.34. Following the acquisition, the chief executive officer directly owned 134,245 shares in the company, valued at approximately $2,347,945.05. The trade was a 4.49% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Modiv Industrial

Several large investors have recently modified their holdings of the business. Royal Bank of Canada boosted its stake in shares of Modiv Industrial by 648.8% during 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. BNP Paribas Financial Markets raised 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 worth $32,000 after buying an additional 866 shares in the last quarter. California State Teachers Retirement System raised its stake in Modiv Industrial by 360.9% in the second quarter. California State Teachers Retirement System now owns 2,332 shares of the company’s stock worth $41,000 after buying an additional 1,826 shares in the last quarter. Bank of America Corp DE lifted its holdings in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after buying an additional 2,935 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock worth $69,000 after buying an additional 4,420 shares during the period. Institutional investors own 8.21% of the company’s stock.

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.