Modiv Industrial, Inc. (MDV) To Go Ex-Dividend on March 31st

Modiv Industrial, Inc. (NYSE:MDV) announced a monthly dividend on Friday, January 16th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.10 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend is Tuesday, March 31st.

Modiv Industrial has a dividend payout ratio of 857.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Modiv Industrial to earn $0.87 per share next year, which means the company may not be able to cover its $1.20 annual dividend with an expected future payout ratio of 137.9%.

Modiv Industrial Price Performance

NYSE:MDV opened at $14.11 on Friday. The company’s 50-day moving average is $14.95 and its two-hundred day moving average is $14.71. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15. The firm has a market capitalization of $145.64 million, a price-to-earnings ratio of -45.52 and a beta of -0.31.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings results on Wednesday, March 25th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.33). Modiv Industrial had a return on equity of 0.52% and a net margin of 2.30%.The firm had revenue of $11.07 million for the quarter, compared to analyst estimates of $11.38 million. As a group, equities analysts anticipate that Modiv Industrial will post 1.18 earnings per share for the current fiscal year.

Institutional Trading of Modiv Industrial

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Modiv Industrial during the second quarter worth $72,000. 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 worth $69,000 after buying an additional 4,420 shares during the period. Bank of America Corp DE grew its stake in shares of 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 buying an additional 2,935 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Modiv Industrial by 648.8% in the 4th quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after buying an additional 1,914 shares during the period. Finally, BNP Paribas Financial Markets raised 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 valued at $32,000 after buying an additional 866 shares during the period. Institutional investors and hedge funds own 8.21% of the company’s stock.

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.