Short Interest in Modiv Industrial, Inc. (NYSE:MDV) Drops By 18.4%

Modiv Industrial, Inc. (NYSE:MDV) was the recipient of a large drop in short interest during the month of March. As of March 13th, there was short interest totaling 205,871 shares, a drop of 18.4% from the February 26th total of 252,243 shares. Based on an average daily volume of 54,751 shares, the short-interest ratio is currently 3.8 days. Currently, 2.1% of the company’s shares are short sold.

Analyst Ratings Changes

A number of research analysts have commented on MDV shares. Wall Street Zen cut Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Saturday. Cantor Fitzgerald started coverage on Modiv Industrial in a research note on Wednesday, February 4th. They issued an “overweight” rating and a $18.00 price objective for the company. Finally, Weiss Ratings upgraded Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $18.00.

Modiv Industrial Price Performance

Shares of MDV stock traded down $0.04 during trading on Tuesday, reaching $14.32. The company’s stock had a trading volume of 63,371 shares, compared to its average volume of 64,569. The company has a market capitalization of $147.77 million, a price-to-earnings ratio of -46.19 and a beta of -0.31. The stock’s 50-day moving average price is $14.93 and its 200 day moving average price is $14.71. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15.

Modiv Industrial (NYSE:MDV) last released its 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 business had revenue of $11.07 million for the quarter, compared to analyst estimates of $11.38 million. On average, sell-side analysts anticipate that Modiv Industrial will post 1.18 EPS for the current fiscal year.

Modiv Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 8.4%. The ex-dividend date is Tuesday, June 30th. Modiv Industrial’s dividend payout ratio (DPR) is presently -387.10%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in Modiv Industrial in the 2nd quarter valued at about $30,000. Royal Bank of Canada increased its stake 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 worth $32,000 after buying an additional 1,914 shares during the period. BNP Paribas Financial Markets increased its stake in shares of Modiv Industrial by 65.7% during the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 866 shares during the period. Bank of America Corp DE raised its holdings 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 acquiring an additional 2,935 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares in the last quarter. 8.21% of the stock is owned by institutional investors and hedge funds.

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.