Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 33.7% in January

Modiv Industrial, Inc. (NYSE:MDV) saw a large increase in short interest in January. As of January 30th, there was short interest totaling 286,280 shares, an increase of 33.7% from the January 15th total of 214,143 shares. Approximately 2.9% of the company’s shares are sold short. Based on an average trading volume of 34,772 shares, the days-to-cover ratio is presently 8.2 days. Based on an average trading volume of 34,772 shares, the days-to-cover ratio is presently 8.2 days. Approximately 2.9% of the company’s shares are sold short.

Modiv Industrial Stock Down 0.4%

NYSE MDV traded down $0.06 on Friday, hitting $14.93. 59,175 shares of the stock were exchanged, compared to its average volume of 33,412. Modiv Industrial has a fifty-two week low of $13.62 and a fifty-two week high of $17.15. The company has a 50-day moving average price of $14.76 and a 200-day moving average price of $14.73. The company has a market cap of $153.40 million, a PE ratio of -57.42 and a beta of -0.31.

Modiv Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.10 dividend. This represents a c) annualized dividend and a yield of 8.0%. The ex-dividend date of this dividend is Tuesday, March 31st. Modiv Industrial’s dividend payout ratio is -461.54%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Police & Firemen s Retirement System of New Jersey purchased a new position in shares of Modiv Industrial in the 2nd quarter valued at about $30,000. BNP Paribas Financial Markets boosted its holdings in Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock valued at $32,000 after purchasing an additional 866 shares in the last quarter. Bank of America Corp DE increased its stake in Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after purchasing an additional 2,935 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Modiv Industrial by 858.3% during the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock worth $69,000 after purchasing an additional 4,420 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Modiv Industrial in the 2nd quarter valued at $72,000. 8.21% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MDV shares. Weiss Ratings upgraded 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 research note on Wednesday, February 4th. They issued an “overweight” rating and a $18.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Modiv Industrial currently has an average rating of “Buy” and an average target price of $18.00.

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.