Analysts Set Modiv Industrial, Inc. (NYSE:MDV) Target Price at $18.50

Modiv Industrial, Inc. (NYSE:MDV) has received a consensus recommendation of “Reduce” from the six analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating and five have given a hold rating to the company. The average 12 month target price among brokers that have covered the stock in the last year is $18.50.

MDV has been the topic of several recent analyst reports. Alliance Global Partners reiterated 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. Wall Street Zen lowered shares of Modiv Industrial from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. Freedom Capital lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Zacks Research lowered shares of Modiv Industrial from a “hold” rating to a “strong sell” rating in a research report on Monday, May 25th. Finally, Cantor Fitzgerald lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th.

Institutional Investors Weigh In On Modiv Industrial

A number of institutional investors have recently added to or reduced their stakes in MDV. BNP Paribas Financial Markets grew its position in Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after acquiring an additional 866 shares during the period. Royal Bank of Canada grew its position in Modiv Industrial by 648.8% during the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after acquiring an additional 1,914 shares during the period. Bank of America Corp DE grew its position in Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after acquiring an additional 2,935 shares during the period. JPMorgan Chase & Co. grew its position in Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Modiv Industrial during the second quarter valued at about $72,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Trading Up 0.1%

Modiv Industrial stock opened at $18.28 on Tuesday. The firm has a market capitalization of $188.64 million, a P/E ratio of -44.58 and a beta of -0.09. The stock has a fifty day moving average price of $16.66 and a 200 day moving average price of $15.44. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.67.

Modiv Industrial (NYSE:MDV) last released its earnings results on Friday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). The business had revenue of $11.70 million during the quarter, compared to analyst estimates of $11.43 million. Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. As a group, equities analysts predict that Modiv Industrial will post 1.39 EPS for the current year.

Modiv Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 6.6%. The ex-dividend date of this dividend is Tuesday, June 30th. Modiv Industrial’s payout ratio is -292.68%.

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.