Modiv Industrial (NYSE:MDV) CEO Aaron Scott Halfacre Acquires 5,766 Shares

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre purchased 5,766 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were bought at an average price of $17.49 per share, with a total value of $100,847.34. Following the acquisition, the chief executive officer directly owned 134,245 shares of the company’s stock, valued at $2,347,945.05. This represents a 4.49% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Modiv Industrial Trading Down 0.9%

NYSE MDV opened at $17.49 on Tuesday. The business has a fifty day simple moving average of $17.66 and a 200 day simple moving average of $15.83. Modiv Industrial, Inc. has a 12 month low of $13.80 and a 12 month high of $18.83. The firm has a market capitalization of $180.56 million, a P/E ratio of -42.66 and a beta of -0.09.

Modiv Industrial (NYSE:MDV) last posted its quarterly earnings data on Friday, May 8th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.12). The firm had revenue of $11.70 million for the quarter, compared to analysts’ expectations of $11.43 million. Modiv Industrial had a return on equity of 0.07% and a net margin of 0.33%. As a group, sell-side analysts predict that Modiv Industrial, Inc. will post 1.39 EPS for the current fiscal year.

Modiv Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.9%. Modiv Industrial’s payout ratio is -292.68%.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Lucid Cap Mkts lowered shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen downgraded Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Cantor Fitzgerald lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Zacks Research raised Modiv Industrial from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 23rd. Finally, Alliance Global Partners reiterated a “neutral” rating and set a $19.00 price target (up from $18.00) on shares of Modiv Industrial in a report on Thursday, May 7th. Six analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $18.50.

Institutional Trading of Modiv Industrial

Large investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets raised its position in Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after acquiring an additional 866 shares during the period. Royal Bank of Canada grew its position in shares of Modiv Industrial by 648.8% during the 4th quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after acquiring an additional 1,914 shares during the period. Bank of America Corp DE grew its position in shares of Modiv Industrial by 3,913.3% during the 2nd 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 during the period. JPMorgan Chase & Co. increased its stake in shares of Modiv Industrial by 858.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock worth $69,000 after purchasing an additional 4,420 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Modiv Industrial during the 2nd quarter worth approximately $72,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

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.