Aaron Scott Halfacre Purchases 3,586 Shares of Modiv Industrial (NYSE:MDV) Stock

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre bought 3,586 shares of Modiv Industrial stock in a transaction on Tuesday, June 30th. The shares were purchased at an average price of $17.34 per share, for a total transaction of $62,181.24. Following the acquisition, the chief executive officer directly owned 137,830 shares in the company, valued at approximately $2,389,972.20. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

Aaron Scott Halfacre also recently made the following trade(s):

• On Friday, June 26th, Aaron Scott Halfacre bought 5,766 shares of Modiv Industrial stock. The stock was purchased at an average price of $17.49 per share, with a total value of $100,847.34.

Modiv Industrial Stock Up 3.0%

NYSE MDV opened at $17.92 on Friday. The firm has a market capitalization of $184.98 million, a PE ratio of -43.70 and a beta of -0.07. The stock’s 50 day moving average is $17.76 and its 200 day moving average is $15.89. Modiv Industrial, Inc. has a twelve month low of $13.80 and a twelve month high of $18.83.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%.The firm had revenue of $11.70 million during the quarter, compared to the consensus estimate of $11.43 million. On average, research analysts anticipate that Modiv Industrial, Inc. will post 1.39 earnings per share for the current year.

Modiv Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.7%. Modiv Industrial’s payout ratio is presently -292.68%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in shares of Modiv Industrial by 65.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 866 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of 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 purchasing an additional 1,914 shares in the last quarter. Bank of America Corp DE boosted its position in shares of 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 buying an additional 2,935 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 buying an additional 4,420 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in Modiv Industrial in the 2nd quarter worth about $72,000. Institutional investors own 8.21% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MDV. Lucid Cap Mkts downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Freedom Capital downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen lowered Modiv Industrial from a “hold” rating to a “sell” rating in a research report on Sunday, May 10th. 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 research note on Thursday, May 7th. Finally, Zacks Research raised Modiv Industrial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Six investment analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.50.

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.