Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 47.9% in July

Modiv Industrial, Inc. (NYSE:MDV) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 152,633 shares, a growth of 47.9% from the July 15th total of 103,193 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily trading volume, of 56,937 shares, the short-interest ratio is presently 2.7 days.

Insider Buying and Selling at Modiv Industrial

In related news, CEO Aaron Scott Halfacre bought 3,586 shares of the business’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average cost of $17.34 per share, with a total value of $62,181.24. Following the completion of the purchase, the chief executive officer owned 137,830 shares in the company, valued at approximately $2,389,972.20. The trade was a 2.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Modiv Industrial

A number of large investors have recently made changes to their positions in MDV. North Star Investment Management Corp. purchased a new stake in shares of Modiv Industrial during the first quarter valued at $859,000. Rhumbline Advisers purchased a new position in Modiv Industrial in the 2nd quarter worth about $215,000. JPMorgan Chase & Co. increased its stake in Modiv Industrial by 123.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,022 shares of the company’s stock worth $161,000 after buying an additional 6,087 shares during the period. New York State Common Retirement Fund bought a new stake in Modiv Industrial during the 2nd quarter valued at about $100,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Modiv Industrial during the 2nd quarter valued at about $72,000. 8.21% of the stock is owned by hedge funds and other institutional investors.

Modiv Industrial Price Performance

NYSE:MDV opened at $18.05 on Thursday. The business’s 50-day simple moving average is $17.82 and its two-hundred day simple moving average is $16.64. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.96. The stock has a market cap of $186.35 million, a PE ratio of 50.14 and a beta of -0.07.

Modiv Industrial (NYSE:MDV) last released its earnings results on Tuesday, August 11th. The company reported $0.45 EPS for the quarter, topping the consensus estimate of $0.03 by $0.42. The firm had revenue of $11.69 million for the quarter, compared to the consensus estimate of $11.57 million. Modiv Industrial had a net margin of 16.35% and a return on equity of 3.75%. Sell-side analysts anticipate that Modiv Industrial will post 1.39 earnings per share for the current fiscal year.

Modiv Industrial Dividend Announcement

The business also recently declared a monthly dividend, which was paid on Monday, August 10th. Investors of record on Monday, August 3rd were given a $0.10 dividend. The ex-dividend date was Monday, August 3rd. This represents a c) dividend on an annualized basis and a yield of 6.6%. Modiv Industrial’s dividend payout ratio (DPR) is currently 333.33%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on MDV shares. Freedom Capital cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Lucid Cap Mkts cut shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Alliance Global Partners reaffirmed a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Weiss Ratings raised shares of Modiv Industrial from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, August 12th. Finally, Wall Street Zen lowered shares of Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Six equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Modiv Industrial presently has an average rating of “Hold” and a consensus price target of $18.50.

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.