Modiv Industrial (NYSE:MDV) Research Coverage Started at Cantor Fitzgerald

Cantor Fitzgerald initiated coverage on shares of Modiv Industrial (NYSE:MDV) in a research report sent to investors on Wednesday morning, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $18.00 target price on the stock.

Separately, Weiss Ratings upgraded shares of Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and an average price target of $18.00.

Modiv Industrial Price Performance

MDV stock opened at $15.28 on Wednesday. The stock has a market cap of $156.88 million, a price-to-earnings ratio of -58.75 and a beta of -0.31. The company has a 50 day simple moving average of $14.73 and a 200 day simple moving average of $14.71. Modiv Industrial has a 1 year low of $13.62 and a 1 year high of $17.15.

Modiv Industrial Dividend Announcement

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

Institutional Trading of Modiv Industrial

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in Modiv Industrial by 65.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after purchasing an additional 866 shares during the last quarter. Police & Firemen s Retirement System of New Jersey acquired a new stake in shares of Modiv Industrial in the second quarter valued at about $30,000. Penserra Capital Management LLC raised its position in shares of Modiv Industrial by 3.5% during the third quarter. Penserra Capital Management LLC now owns 74,973 shares of the company’s stock worth $1,097,000 after acquiring an additional 2,535 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Modiv Industrial by 3,913.3% in the second quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock worth $42,000 after acquiring an additional 2,935 shares during the period. Finally, JPMorgan Chase & Co. boosted its holdings in Modiv Industrial by 858.3% in the second quarter. JPMorgan Chase & Co. now owns 4,935 shares of the company’s stock valued at $69,000 after acquiring an additional 4,420 shares during the last quarter. 8.21% of the stock is currently owned by institutional investors and hedge funds.

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.