Modiv Industrial (NYSE:MDV) Trading Up 0.5%

Modiv Industrial, Inc. (NYSE:MDV)’s share price traded up 0.5% on Wednesday . The company traded as high as $15.25 and last traded at $15.18. 7,263 shares changed hands during trading, a decline of 73% from the average session volume of 26,517 shares. The stock had previously closed at $15.10.

Modiv Industrial Stock Down 0.4 %

The business has a 50-day moving average price of $15.40 and a two-hundred day moving average price of $15.19. The firm has a market cap of $137.00 million, a PE ratio of -10.56, a price-to-earnings-growth ratio of 2.21 and a beta of -0.31.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings data on Monday, March 4th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.35). Modiv Industrial had a negative return on equity of 2.82% and a negative net margin of 14.09%. The company had revenue of $12.29 million for the quarter, compared to analysts’ expectations of $12.53 million. During the same period in the prior year, the company posted $0.68 EPS. On average, equities research analysts predict that Modiv Industrial, Inc. will post 1.38 earnings per share for the current fiscal year.

Modiv Industrial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Tuesday, April 30th will be given a dividend of $0.0958 per share. The ex-dividend date of this dividend is Monday, April 29th. Modiv Industrial’s dividend payout ratio is currently -80.99%.

Insider Transactions at Modiv Industrial

In other news, major shareholder First City Investment Group, L sold 3,654 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $17.02, for a total transaction of $62,191.08. Following the sale, the insider now owns 651,972 shares of the company’s stock, valued at $11,096,563.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last 90 days, insiders have purchased 1,262 shares of company stock valued at $18,620 and have sold 5,953 shares valued at $101,438. Corporate insiders own 4.60% of the company’s stock.

Hedge Funds Weigh In On Modiv Industrial

A hedge fund recently raised its stake in Modiv Industrial stock. Bard Associates Inc. boosted its holdings in Modiv Industrial, Inc. (NYSE:MDV) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,465 shares of the company’s stock after buying an additional 1,590 shares during the quarter. Bard Associates Inc. owned approximately 1.42% of Modiv Industrial worth $1,611,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

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.