Modiv Industrial (NYSE:MDV) CEO Acquires $62,181.24 in Stock

Modiv Industrial, Inc. (NYSE:MDV) CEO Aaron Scott Halfacre bought 3,586 shares of Modiv Industrial stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of $17.34 per share, for a total transaction of $62,181.24. Following the completion of the transaction, the chief executive officer directly owned 137,830 shares of the company’s stock, valued at $2,389,972.20. This trade represents a 2.67% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Aaron Scott Halfacre also recently made the following trade(s):

• On Friday, June 26th, Aaron Scott Halfacre purchased 5,766 shares of Modiv Industrial stock. The stock was acquired at an average cost of $17.49 per share, for a total transaction of $100,847.34.

Modiv Industrial Price Performance

MDV opened at $17.92 on Friday. The stock has a market capitalization of $184.90 million, a price-to-earnings ratio of -43.70 and a beta of -0.07. The business has a 50-day moving average of $17.81 and a two-hundred day moving average of $15.91. Modiv Industrial, Inc. has a 12 month low of $13.80 and a 12 month high of $18.83.

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

Modiv Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, August 10th. Investors of record on Monday, August 3rd will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 3rd. This represents a c) annualized dividend and a yield of 6.7%. Modiv Industrial’s dividend payout ratio is -292.68%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Freedom Capital downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 4th. Wall Street Zen cut shares of Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Alliance Global Partners restated a “neutral” rating and set a $19.00 price objective (up from $18.00) on shares of Modiv Industrial in a report on Thursday, May 7th. Cantor Fitzgerald lowered Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Zacks Research upgraded Modiv Industrial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Six investment analysts have rated the stock with a Hold rating, According to MarketBeat, Modiv Industrial currently has a consensus rating of “Hold” and a consensus price target of $18.50.

Institutional Investors Weigh In On Modiv Industrial

Several institutional investors have recently bought and sold shares of MDV. North Star Investment Management Corp. purchased a new stake in shares of Modiv Industrial in the first quarter worth about $859,000. Bank of America Corp DE grew its stake in shares of Modiv Industrial by 27.8% in the first quarter. Bank of America Corp DE now owns 21,079 shares of the company’s stock valued at $302,000 after buying an additional 4,586 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Modiv Industrial by 14.7% during the 1st quarter. Renaissance Technologies LLC now owns 75,700 shares of the company’s stock valued at $1,084,000 after buying an additional 9,702 shares during the period. Militia Capital Management LLC purchased a new stake in shares of Modiv Industrial during the 1st quarter valued at about $352,000. Finally, Dimensional Fund Advisors LP lifted its position in Modiv Industrial by 17.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 82,199 shares of the company’s stock worth $1,177,000 after acquiring an additional 12,439 shares in the last quarter. 8.21% of the stock is currently owned by hedge funds and other 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.