Modiv Industrial (NYSE:MDV) Announces Earnings Results, Beats Estimates By $0.42 EPS

Modiv Industrial (NYSE:MDV) issued its quarterly earnings results on Tuesday. The company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.42, FiscalAI reports. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%.The company had revenue of $11.69 million for the quarter, compared to the consensus estimate of $11.55 million.

Modiv Industrial Stock Down 1.4%

Shares of NYSE MDV traded down $0.25 during midday trading on Tuesday, hitting $17.96. The stock had a trading volume of 355,157 shares, compared to its average volume of 65,950. The stock has a 50 day simple moving average of $17.86 and a 200-day simple moving average of $16.50. The company has a market capitalization of $185.37 million, a PE ratio of -43.81 and a beta of -0.07. Modiv Industrial has a 1 year low of $13.80 and a 1 year high of $18.96.

Modiv Industrial Announces Dividend

The company also recently announced a monthly dividend, which was paid on Monday, August 10th. Stockholders of record on Monday, August 3rd were given a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date was Monday, August 3rd. Modiv Industrial’s dividend payout ratio (DPR) is -292.68%.

Insider Activity at Modiv Industrial

In other news, CEO Aaron Scott Halfacre acquired 3,586 shares of Modiv Industrial stock in a transaction that occurred on Tuesday, June 30th. The stock was purchased at an average cost of $17.34 per share, with a total value of $62,181.24. Following the purchase, the chief executive officer owned 137,830 shares in the company, valued at $2,389,972.20. This trade represents a 2.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.80% of the company’s stock.

Institutional Investors Weigh In On Modiv Industrial

A number of large investors have recently modified their holdings of the business. 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 buying an additional 126,850 shares in the last quarter. Meixler Investment Management Ltd. acquired a new position in Modiv Industrial during the fourth quarter worth about $1,023,000. Two Sigma Investments LP purchased a new stake in Modiv Industrial during the 3rd quarter valued at about $824,000. Jane Street Group LLC grew its stake in Modiv Industrial by 129.2% during the 1st 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 in the last quarter. Finally, Rothschild Wealth LLC acquired a new stake in Modiv Industrial in the 4th quarter valued at about $331,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Analyst Upgrades and Downgrades

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