Modiv Industrial (NYSE:MDV) Lowered to Strong Sell Rating by Zacks Research

Modiv Industrial (NYSE:MDV) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report issued on Monday,Zacks.com reports.

A number of other equities research analysts also recently commented on the company. Lucid Cap Mkts downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Weiss Ratings upgraded Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 26th. Alliance Global Partners reiterated a “neutral” rating and issued a $19.00 target price (up from $18.00) on shares of Modiv Industrial in a research report on Thursday, May 7th. Freedom Capital downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Finally, Cantor Fitzgerald downgraded Modiv Industrial from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Modiv Industrial has a consensus rating of “Reduce” and a consensus price target of $18.50.

Modiv Industrial Stock Up 1.5%

Shares of Modiv Industrial stock opened at $18.51 on Monday. The stock’s 50-day simple moving average is $16.04 and its 200-day simple moving average is $15.24. Modiv Industrial has a 52 week low of $13.80 and a 52 week high of $18.58. The company has a market capitalization of $191.02 million, a price-to-earnings ratio of -45.15 and a beta of -0.14.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings data on Friday, May 8th. The company reported ($0.11) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.12). Modiv Industrial had a net margin of 0.33% and a return on equity of 0.07%. The business had revenue of $11.70 million during the quarter, compared to analysts’ expectations of $11.43 million. On average, equities analysts expect that Modiv Industrial will post 1.39 earnings per share for the current year.

Institutional Investors Weigh In On Modiv Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDV. Geode Capital Management LLC grew its stake in shares of Modiv Industrial by 130.1% during the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock valued at $3,160,000 after buying an additional 126,850 shares during the last quarter. Meixler Investment Management Ltd. bought a new position in Modiv Industrial in the 4th quarter valued at $1,023,000. North Star Investment Management Corp. bought a new stake in shares of Modiv Industrial during the first quarter worth $859,000. Two Sigma Investments LP bought a new stake in shares of Modiv Industrial during the third quarter worth $824,000. Finally, Jane Street Group LLC lifted its position in shares of Modiv Industrial by 129.2% during the first 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. 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.