Modiv Industrial, Inc. $MDV Shares Bought by Penserra Capital Management LLC

Penserra Capital Management LLC raised its holdings in Modiv Industrial, Inc. (NYSE:MDV) by 6.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 72,438 shares of the company’s stock after purchasing an additional 4,310 shares during the period. Penserra Capital Management LLC owned about 0.72% of Modiv Industrial worth $1,019,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. State of New Jersey Common Pension Fund D lifted its position in shares of Modiv Industrial by 21.2% during the 2nd quarter. State of New Jersey Common Pension Fund D now owns 50,000 shares of the company’s stock valued at $704,000 after buying an additional 8,750 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Modiv Industrial by 38.5% during the first quarter. Goldman Sachs Group Inc. now owns 34,557 shares of the company’s stock worth $555,000 after purchasing an additional 9,615 shares in the last quarter. Jane Street Group LLC raised its position in shares of Modiv Industrial by 129.2% during the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock worth $730,000 after purchasing an additional 25,645 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Modiv Industrial by 117,253.5% during the 1st quarter. Jones Financial Companies Lllp now owns 300,425 shares of the company’s stock worth $4,822,000 after purchasing an additional 300,169 shares during the last quarter. Finally, Crossingbridge Advisors LLC purchased a new position in Modiv Industrial in the 1st quarter valued at about $273,000. 8.21% of the stock is currently owned by hedge funds and other institutional investors.

Modiv Industrial Stock Performance

Shares of Modiv Industrial stock opened at $14.45 on Tuesday. Modiv Industrial, Inc. has a one year low of $13.62 and a one year high of $17.15. The company has a market cap of $146.82 million, a price-to-earnings ratio of -32.84 and a beta of -0.32. The business’s 50 day moving average price is $14.66 and its 200 day moving average price is $14.68.

Modiv Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.0975 per share. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date is Wednesday, December 31st. Modiv Industrial’s payout ratio is currently -265.91%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $18.00.

Modiv Industrial Company Profile

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.