Modiv Industrial (NYSE:MDV) Lowered to “Hold” Rating by Freedom Capital

Modiv Industrial (NYSE:MDV) was downgraded by investment analysts at Freedom Capital from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms have also issued reports on MDV. Weiss Ratings raised Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. Cantor Fitzgerald lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday. Finally, Wall Street Zen raised shares of Modiv Industrial from a “sell” rating to a “hold” rating in a research note on Saturday. Three research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Modiv Industrial presently has an average rating of “Hold” and a consensus price target of $18.00.

Modiv Industrial Stock Down 0.8%

Modiv Industrial stock opened at $17.79 on Monday. The company has a market cap of $183.52 million, a PE ratio of -57.37 and a beta of -0.14. Modiv Industrial has a twelve month low of $13.80 and a twelve month high of $18.05. The company’s 50-day moving average price is $15.17 and its 200-day moving average price is $14.87.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings data on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.33). The company had revenue of $11.07 million during the quarter, compared to the consensus estimate of $11.38 million. Modiv Industrial had a net margin of 2.30% and a return on equity of 0.52%. As a group, sell-side analysts expect that Modiv Industrial will post 1.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Modiv Industrial

A number of large investors have recently made changes to their positions in MDV. Geode Capital Management LLC boosted its stake in shares of Modiv Industrial by 130.1% during the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after purchasing an additional 126,850 shares during the period. Meixler Investment Management Ltd. purchased a new position in shares of Modiv Industrial during the 4th quarter worth about $1,023,000. North Star Investment Management Corp. purchased a new position in shares of Modiv Industrial during the 1st quarter worth about $859,000. Two Sigma Investments LP purchased a new position in shares of Modiv Industrial during the 3rd quarter worth about $824,000. Finally, Jane Street Group LLC boosted its stake in shares of Modiv Industrial by 129.2% during the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock worth $730,000 after purchasing an additional 25,645 shares during the period. 8.21% of the stock is owned by hedge funds and other institutional investors.

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.