Short Interest in Modiv Industrial, Inc. (NYSE:MDV) Decreases By 16.6%

Modiv Industrial, Inc. (NYSE:MDV) was the target of a large decline in short interest during the month of February. As of February 13th, there was short interest totaling 238,759 shares, a decline of 16.6% from the January 29th total of 286,280 shares. Based on an average daily volume of 37,969 shares, the short-interest ratio is currently 6.3 days. Currently, 2.4% of the shares of the company are short sold. Currently, 2.4% of the shares of the company are short sold. Based on an average daily volume of 37,969 shares, the short-interest ratio is currently 6.3 days.

Modiv Industrial Price Performance

Shares of MDV stock traded down $0.30 during trading hours on Thursday, reaching $15.00. 29,425 shares of the company’s stock were exchanged, compared to its average volume of 42,641. The company’s 50 day moving average is $14.91 and its two-hundred day moving average is $14.78. The company has a market cap of $154.05 million, a P/E ratio of -57.69 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 firm also recently announced a monthly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 8.0%. Modiv Industrial’s dividend payout ratio (DPR) is -461.54%.

Hedge Funds Weigh In On Modiv Industrial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada lifted its stake in shares of Modiv Industrial by 648.8% in the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after purchasing an additional 1,914 shares during the period. Rothschild Wealth LLC purchased a new stake in shares of Modiv Industrial during the 4th quarter worth approximately $331,000. Barclays PLC grew its holdings in shares of Modiv Industrial by 36.8% in the 4th quarter. Barclays PLC now owns 18,088 shares of the company’s stock worth $260,000 after acquiring an additional 4,863 shares during the period. Meixler Investment Management Ltd. purchased a new position in Modiv Industrial in the 4th quarter valued at approximately $1,023,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Modiv Industrial by 19.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,343 shares of the company’s stock worth $451,000 after purchasing an additional 5,000 shares in the last quarter. 8.21% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MDV. Cantor Fitzgerald began coverage on shares of Modiv Industrial in a research note on Wednesday, February 4th. They set an “overweight” rating and a $18.00 price target for the company. Weiss Ratings raised Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $18.00.

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.