Modiv Industrial (NYSE:MDV) Rating Increased to Hold at Zacks Research

Modiv Industrial (NYSE:MDV) was upgraded by analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Tuesday,Zacks.com reports.

A number of other research analysts have also recently commented on the company. Cantor Fitzgerald cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen cut Modiv Industrial from a “hold” rating to a “sell” rating in a report on Sunday, May 10th. Lucid Cap Mkts lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Freedom Capital cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Finally, Alliance Global Partners reaffirmed a “neutral” rating and issued a $19.00 price objective (up from $18.00) on shares of Modiv Industrial in a research note on Thursday, May 7th. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Modiv Industrial Trading Down 0.6%

MDV stock opened at $17.90 on Tuesday. The firm has a 50-day moving average price of $17.54 and a 200-day moving average price of $15.77. Modiv Industrial has a 12 month low of $13.80 and a 12 month high of $18.83. The stock has a market capitalization of $184.73 million, a P/E ratio of -43.66 and a beta of -0.08.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings results 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). The company had revenue of $11.70 million for the quarter, compared to the consensus estimate 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 fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its position in shares of 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 buying an additional 9,615 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Modiv Industrial by 129.2% in the first quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock worth $730,000 after acquiring an additional 25,645 shares during the period. Geode Capital Management LLC lifted its stake in shares of Modiv Industrial by 130.1% in the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after acquiring an additional 126,850 shares during the period. JPMorgan Chase & Co. boosted its holdings 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 acquiring an additional 4,420 shares during the last quarter. Finally, Rhumbline Advisers bought a new stake in Modiv Industrial in the second quarter valued at approximately $215,000. 8.21% of the stock is owned by institutional investors and hedge funds.

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.