Wall Street Zen Downgrades Modiv Industrial (NYSE:MDV) to Sell

Modiv Industrial (NYSE:MDV) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

MDV has been the subject of a number of other research reports. Weiss Ratings raised shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Cantor Fitzgerald started coverage on Modiv Industrial in a research report on Wednesday, February 4th. They set an “overweight” rating and a $18.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Modiv Industrial presently has an average rating of “Buy” and a consensus target price of $18.00.

Modiv Industrial Trading Down 0.9%

MDV opened at $14.11 on Friday. The company’s 50 day moving average is $14.95 and its 200 day moving average is $14.72. The company has a market cap of $145.64 million, a price-to-earnings ratio of -45.52 and a beta of -0.31. Modiv Industrial has a 12-month low of $13.62 and a 12-month high of $17.15.

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

Hedge Funds Weigh In On Modiv Industrial

A number of hedge funds have recently modified their holdings of the company. 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 worth $3,160,000 after purchasing an additional 126,850 shares in the last quarter. Meixler Investment Management Ltd. bought a new position in Modiv Industrial in the 4th quarter worth $1,023,000. Two Sigma Investments LP bought a new position in Modiv Industrial in the 3rd quarter worth $824,000. Jane Street Group LLC increased its stake in Modiv Industrial by 129.2% in the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock worth $730,000 after buying an additional 25,645 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in Modiv Industrial by 50.0% in 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 buying an additional 25,000 shares in the last quarter. 8.21% of the stock is currently owned by institutional investors.

Modiv Industrial Company Profile

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.