Bard Associates Inc. Sells 50,715 Shares of Modiv Industrial, Inc. $MDV

Bard Associates Inc. trimmed its position in shares of Modiv Industrial, Inc. (NYSE:MDV) by 48.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 52,925 shares of the company’s stock after selling 50,715 shares during the quarter. Bard Associates Inc.’s holdings in Modiv Industrial were worth $777,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in MDV. Geode Capital Management LLC increased 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 valued at $3,160,000 after buying an additional 126,850 shares during the period. Two Sigma Investments LP acquired a new stake in Modiv Industrial during the 3rd quarter worth approximately $824,000. Los Angeles Capital Management LLC acquired a new stake in Modiv Industrial during the 2nd quarter worth approximately $693,000. Jane Street Group LLC grew its holdings in Modiv Industrial by 129.2% during the 1st 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 last quarter. Finally, State of New Jersey Common Pension Fund D grew its holdings in Modiv Industrial by 50.0% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 75,000 shares of the company’s stock worth $1,098,000 after acquiring an additional 25,000 shares during the last quarter. 8.21% of the stock is currently owned by institutional investors.

Modiv Industrial Price Performance

Shares of MDV opened at $14.54 on Friday. Modiv Industrial, Inc. has a 1 year low of $13.62 and a 1 year high of $17.15. The company has a market capitalization of $149.31 million, a price-to-earnings ratio of -55.92 and a beta of -0.31. The business has a 50-day moving average of $14.96 and a 200-day moving average of $14.77.

Modiv Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.10 per share. This represents a c) dividend on an annualized basis and a yield of 8.3%. The ex-dividend date of this dividend is Tuesday, March 31st. Modiv Industrial’s dividend payout ratio is currently -461.54%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on MDV shares. Cantor Fitzgerald started coverage on shares of Modiv Industrial in a research report on Wednesday, February 4th. They issued an “overweight” rating and a $18.00 price target for the company. Weiss Ratings upgraded shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, Modiv Industrial presently 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.