Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 33.7% in January

Modiv Industrial, Inc. (NYSE:MDV) was the target of a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 286,280 shares, an increase of 33.7% from the January 15th total of 214,143 shares. Approximately 2.9% of the shares of the stock are short sold. Based on an average daily volume of 34,772 shares, the short-interest ratio is presently 8.2 days. Based on an average daily volume of 34,772 shares, the short-interest ratio is presently 8.2 days. Approximately 2.9% of the shares of the stock are short sold.

Wall Street Analyst Weigh In

MDV has been the subject of several analyst reports. Weiss Ratings upgraded Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Cantor Fitzgerald assumed coverage on shares of Modiv Industrial in a research report on Wednesday, February 4th. They set an “overweight” rating and a $18.00 price target on the stock. One 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of $18.00.

Modiv Industrial Trading Down 0.4%

MDV stock traded down $0.06 during midday trading on Friday, hitting $14.93. 59,175 shares of the company’s stock were exchanged, compared to its average volume of 33,412. Modiv Industrial has a 1-year low of $13.62 and a 1-year high of $17.15. The stock has a market capitalization of $153.40 million, a PE ratio of -57.42 and a beta of -0.31. The business has a 50-day simple moving average of $14.76 and a two-hundred day simple moving average of $14.73.

Modiv Industrial Dividend Announcement

The business 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 $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.0%. Modiv Industrial’s dividend payout ratio is presently -461.54%.

Institutional Investors Weigh In On Modiv Industrial

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Police & Firemen s Retirement System of New Jersey acquired a new position in shares of Modiv Industrial in the 2nd quarter worth approximately $30,000. BNP Paribas Financial Markets lifted its stake in 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 purchasing an additional 866 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Modiv Industrial by 3,913.3% during the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after buying an additional 2,935 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 buying an additional 4,420 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Modiv Industrial in the 2nd quarter valued at $72,000. 8.21% of the stock is owned by hedge funds and other institutional investors.

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.