Modiv Industrial (NYSE:MDV) Releases Earnings Results, Misses Expectations By $0.33 EPS

Modiv Industrial (NYSE:MDV) released its earnings results on Wednesday. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.33), FiscalAI reports. Modiv Industrial had a return on equity of 0.51% and a net margin of 2.30%.The firm had revenue of $11.07 million during the quarter, compared to analysts’ expectations of $11.38 million.

Here are the key takeaways from Modiv Industrial’s conference call:

• Q4 operating results softened — rental income fell to $11.0M from $11.7M year-over-year and AFFO was $4.0M (AFFO per share down to $0.32 from $0.37), driven largely by lease expirations and a 1.7M-share increase in diluted shares outstanding.
• Balance sheet and interest-rate positioning improved — $14.4M cash on hand, $30M revolver availability, no debt maturities until July 2028 after the January extension, and swaps put 100% of indebtedness at a weighted-average fixed rate of 4.15%.
• Management plans to accelerate asset recycling to become a pure-play manufacturing industrial REIT within ~24 months, with near-term dispositions underway (Melbourne sale expected to close in Q2, San Diego parcel split nearing completion) and careful tax-sensitive execution on larger non-core assets like the Kia site.
• The company has received multiple inbound offers and stepped back from one transaction that lacked a secure path for investors; management highlights a perceived valuation gap to its internal NAV of $22.19 but says timing is being dictated by rate volatility and the availability of suitable replacement assets.
• Leadership update — this was CFO Ray Pacini’s last earnings call (he will remain through the year) and John Raney will take over the earnings-call responsibilities going forward.

Modiv Industrial Stock Down 0.3%

Shares of MDV stock opened at $14.26 on Friday. The business has a 50-day moving average price of $14.96 and a two-hundred day moving average price of $14.72. Modiv Industrial has a 12-month low of $13.62 and a 12-month high of $17.15. The firm has a market cap of $146.41 million, a P/E ratio of -45.99 and a beta of -0.31.

Modiv Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.10 dividend. The ex-dividend date is Tuesday, June 30th. This represents a c) annualized dividend and a yield of 8.4%. Modiv Industrial’s payout ratio is -461.54%.

Hedge Funds Weigh In On Modiv Industrial

Several institutional investors and hedge funds have recently made changes to their positions in MDV. Geode Capital Management LLC boosted its position in Modiv Industrial by 130.1% during the 2nd quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after buying an additional 126,850 shares during the period. Meixler Investment Management Ltd. purchased a new position in shares of Modiv Industrial in the fourth quarter valued at about $1,023,000. Two Sigma Investments LP purchased a new position in shares of Modiv Industrial in the third quarter valued at about $824,000. Jane Street Group LLC raised its stake in shares of Modiv Industrial by 129.2% during the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after acquiring an additional 25,645 shares during the last quarter. Finally, Rothschild Wealth LLC bought a new position in shares of Modiv Industrial during the fourth quarter valued at about $331,000. Institutional investors own 8.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Weiss Ratings raised shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Cantor Fitzgerald started coverage on shares of Modiv Industrial in a report on Wednesday, February 4th. They issued an “overweight” rating and a $18.00 price target on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, Modiv Industrial presently has an average rating of “Buy” and an average target price of $18.00.

Modiv Industrial Company Profile

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.