Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 260.9% in March

Modiv Industrial, Inc. (NYSE:MDV) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 46,200 shares, a growth of 260.9% from the March 15th total of 12,800 shares. Based on an average daily volume of 39,600 shares, the short-interest ratio is currently 1.2 days. Currently, 0.5% of the shares of the company are short sold.

Modiv Industrial Trading Up 2.7 %

Shares of MDV traded up $0.40 during mid-day trading on Wednesday, hitting $15.21. 25,563 shares of the company’s stock were exchanged, compared to its average volume of 32,444. The firm has a market capitalization of $151.60 million, a P/E ratio of -138.27 and a beta of -0.24. Modiv Industrial has a fifty-two week low of $13.62 and a fifty-two week high of $18.11. The business’s 50 day moving average is $15.22 and its two-hundred day moving average is $15.62.

Modiv Industrial Announces Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be paid a $0.0975 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. Modiv Industrial’s dividend payout ratio (DPR) is currently 468.00%.

Institutional Investors Weigh In On Modiv Industrial

Several large investors have recently modified their holdings of MDV. State Street Corp increased its stake in Modiv Industrial by 16.3% in the 3rd quarter. State Street Corp now owns 15,135 shares of the company’s stock valued at $256,000 after buying an additional 2,121 shares during the period. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Modiv Industrial in the third quarter valued at about $205,000. Barclays PLC acquired a new position in shares of Modiv Industrial during the third quarter worth about $87,000. Geode Capital Management LLC raised its holdings in Modiv Industrial by 25.3% during the third quarter. Geode Capital Management LLC now owns 91,777 shares of the company’s stock worth $1,543,000 after purchasing an additional 18,549 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. acquired a new stake in Modiv Industrial in the fourth quarter valued at about $172,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

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.