Modiv Industrial (NYSE:MDV) Now Covered by Analysts at Cantor Fitzgerald

Cantor Fitzgerald assumed coverage on shares of Modiv Industrial (NYSE:MDV) in a research report released on Wednesday morning, MarketBeat reports. The firm issued an overweight rating and a $18.00 price target on the stock.

Separately, Weiss Ratings upgraded shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 26th. One equities 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 stock. Based on data from MarketBeat, Modiv Industrial presently has a consensus rating of “Buy” and a consensus target price of $18.00.

Modiv Industrial Trading Down 0.4%

MDV opened at $15.13 on Wednesday. The stock’s 50 day simple moving average is $14.72 and its 200-day simple moving average is $14.70. The stock has a market cap of $155.41 million, a PE ratio of -58.20 and a beta of -0.31. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $17.15.

Modiv Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.10 per share. This represents a c) annualized dividend and a yield of 7.9%. The ex-dividend date is Tuesday, March 31st. Modiv Industrial’s dividend payout ratio is currently -461.54%.

Institutional Investors Weigh In On Modiv Industrial

Several institutional investors and hedge funds have recently made changes to their positions in MDV. Geode Capital Management LLC grew its stake in Modiv Industrial by 130.1% during the second quarter. Geode Capital Management LLC now owns 224,351 shares of the company’s stock worth $3,160,000 after buying an additional 126,850 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of Modiv Industrial in the 3rd quarter worth approximately $824,000. Los Angeles Capital Management LLC bought a new stake in Modiv Industrial during the 2nd quarter worth approximately $693,000. Jane Street Group LLC increased its holdings in Modiv Industrial by 129.2% during the 1st quarter. Jane Street Group LLC now owns 45,494 shares of the company’s stock valued at $730,000 after purchasing an additional 25,645 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its holdings in Modiv Industrial by 50.0% during 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 in the last quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

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.