Bard Associates Inc. Has $777,000 Position in Modiv Industrial, Inc. $MDV

Bard Associates Inc. decreased its position in shares of Modiv Industrial, Inc. (NYSE:MDV) by 48.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,925 shares of the company’s stock after selling 50,715 shares during the period. Bard Associates Inc. owned about 0.52% of Modiv Industrial worth $777,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Two Sigma Investments LP bought a new position in Modiv Industrial in the third quarter valued at approximately $824,000. 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 during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Modiv Industrial by 48.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 68,123 shares of the company’s stock valued at $997,000 after purchasing an additional 22,265 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Modiv Industrial by 123.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 11,022 shares of the company’s stock valued at $161,000 after purchasing an additional 6,087 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its stake in shares of 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 valued at $1,098,000 after purchasing an additional 25,000 shares during the last quarter. 8.21% of the stock is owned by institutional investors.

Modiv Industrial Price Performance

Shares of Modiv Industrial stock opened at $14.54 on Friday. The company’s 50 day moving average price is $14.96 and its two-hundred day moving average price is $14.77. The firm has a market capitalization of $149.31 million, a P/E ratio of -55.92 and a beta of -0.31. Modiv Industrial, Inc. has a fifty-two week low of $13.62 and a fifty-two week high of $17.15.

Modiv Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 8.3%. Modiv Industrial’s dividend payout ratio (DPR) is -461.54%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Weiss Ratings upgraded Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Cantor Fitzgerald began coverage on Modiv Industrial in a research report on Wednesday, February 4th. They issued an “overweight” rating and a $18.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $18.00.

Modiv Industrial 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.