Modiv Industrial (NYSE:MDV) Earns Buy Rating from Analysts at B. Riley

B. Riley started coverage on shares of Modiv Industrial (NYSE:MDV) in a research report issued to clients and investors on Tuesday. The brokerage set a “buy” rating and a $18.00 price target on the stock. B. Riley’s price objective would suggest a potential upside of 15.68% from the company’s previous close.

Modiv Industrial Stock Up 1.7 %

MDV opened at $15.56 on Tuesday. The stock has a market capitalization of $155.09 million, a price-to-earnings ratio of -141.45 and a beta of -0.24. Modiv Industrial has a twelve month low of $13.62 and a twelve month high of $18.11. The company has a 50-day simple moving average of $15.24 and a 200 day simple moving average of $15.59.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Resona Asset Management Co. Ltd. acquired a new stake in shares of Modiv Industrial in the 4th quarter valued at $50,000. Barclays PLC bought a new stake in shares of Modiv Industrial during the 3rd quarter worth $87,000. TT Capital Management LLC acquired a new stake in Modiv Industrial in the fourth quarter valued at about $158,000. Sumitomo Mitsui Trust Group Inc. bought a new position in Modiv Industrial in the fourth quarter valued at about $172,000. Finally, Schonfeld Strategic Advisors LLC bought a new position in Modiv Industrial in the fourth quarter valued at about $175,000. 8.21% of the stock is currently owned by institutional investors and hedge funds.

About Modiv Industrial

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.