Insider Buying: Modiv Industrial (NYSE:MDV) CEO Acquires $100,847.34 in Stock

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre bought 5,766 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were purchased at an average price of $17.49 per share, with a total value of $100,847.34. Following the purchase, the chief executive officer owned 134,245 shares of the company’s stock, valued at approximately $2,347,945.05. This represents a 4.49% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Aaron Scott Halfacre also recently made the following trade(s):

• On Tuesday, June 30th, Aaron Scott Halfacre purchased 3,586 shares of Modiv Industrial stock. The stock was acquired at an average price of $17.34 per share, for a total transaction of $62,181.24.

Modiv Industrial Price Performance

Modiv Industrial stock opened at $17.39 on Thursday. The stock has a market cap of $179.50 million, a PE ratio of -42.42 and a beta of -0.07. The stock’s fifty day moving average is $17.72 and its two-hundred day moving average is $15.87. Modiv Industrial, Inc. has a 1-year low of $13.80 and a 1-year high of $18.83.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings data on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.12). Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%.The business had revenue of $11.70 million for the quarter, compared to analyst estimates of $11.43 million. On average, research analysts expect that Modiv Industrial, Inc. will post 1.39 earnings per share for the current fiscal year.

Modiv Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a $0.10 dividend. This represents a c) dividend on an annualized basis and a yield of 6.9%. The ex-dividend date of this dividend is Monday, August 3rd. Modiv Industrial’s dividend payout ratio is -292.68%.

Hedge Funds Weigh In On Modiv Industrial

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. raised its position in Modiv Industrial by 38.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,557 shares of the company’s stock valued at $555,000 after purchasing an additional 9,615 shares during the last quarter. Jane Street Group LLC grew its position in 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 last quarter. Geode Capital Management LLC increased its stake in Modiv Industrial by 130.1% in the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after purchasing an additional 126,850 shares during the period. JPMorgan Chase & Co. increased its stake in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after purchasing an additional 4,420 shares during the period. Finally, Rhumbline Advisers purchased a new stake in shares of Modiv Industrial in the second quarter valued at about $215,000. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MDV has been the topic of a number of research analyst reports. Wall Street Zen cut shares of Modiv Industrial from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Freedom Capital downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Cantor Fitzgerald lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Zacks Research raised shares of Modiv Industrial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Alliance Global Partners reaffirmed a “neutral” rating and set a $19.00 price objective (up from $18.00) on shares of Modiv Industrial in a report on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.50.

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.