49,195 Shares in Modiv Industrial, Inc. $MDV Bought by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC acquired a new stake in Modiv Industrial, Inc. (NYSE:MDV) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 49,195 shares of the company’s stock, valued at approximately $693,000.

A number of other large investors also recently bought and sold shares of MDV. CWM LLC lifted its stake in shares of Modiv Industrial by 12.4% in the 1st quarter. CWM LLC now owns 7,000 shares of the company’s stock worth $112,000 after acquiring an additional 770 shares during the period. Jefferies Financial Group Inc. purchased a new position in Modiv Industrial during the first quarter worth about $173,000. Resona Asset Management Co. Ltd. lifted its position in Modiv Industrial by 22.1% in the first quarter. Resona Asset Management Co. Ltd. now owns 4,055 shares of the company’s stock valued at $64,000 after purchasing an additional 734 shares during the period. Crossingbridge Advisors LLC purchased a new stake in Modiv Industrial in the 1st quarter valued at approximately $273,000. Finally, Jones Financial Companies Lllp boosted its holdings in Modiv Industrial by 117,253.5% in the 1st quarter. Jones Financial Companies Lllp now owns 300,425 shares of the company’s stock valued at $4,822,000 after purchasing an additional 300,169 shares in the last quarter. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Modiv Industrial in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, Modiv Industrial has an average rating of “Buy” and an average target price of $18.00.

Modiv Industrial Stock Up 0.4%

Shares of NYSE MDV opened at $14.66 on Friday. The stock has a market capitalization of $148.89 million, a price-to-earnings ratio of -33.31 and a beta of -0.32. Modiv Industrial, Inc. has a 52 week low of $13.62 and a 52 week high of $17.15. The firm has a 50-day moving average price of $14.62 and a 200 day moving average price of $14.65.

Modiv Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.0975 per share. This represents a c) dividend on an annualized basis and a dividend yield of 8.0%. The ex-dividend date is Wednesday, December 31st. Modiv Industrial’s dividend payout ratio (DPR) is presently -265.91%.

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.