Modiv Industrial, Inc. (NYSE:MDV) Short Interest Up 33.7% in January

Modiv Industrial, Inc. (NYSE:MDV) was the recipient of a large growth in short interest in January. As of January 30th, there was short interest totaling 286,280 shares, a growth of 33.7% from the January 15th total of 214,143 shares. Based on an average daily trading volume, of 34,772 shares, the short-interest ratio is currently 8.2 days. Currently, 2.9% of the shares of the stock are sold short. Currently, 2.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 34,772 shares, the short-interest ratio is currently 8.2 days.

Modiv Industrial Stock Performance

MDV traded up $0.04 during trading on Tuesday, reaching $14.97. The company’s stock had a trading volume of 25,760 shares, compared to its average volume of 35,857. The company’s fifty day moving average price is $14.77 and its 200-day moving average price is $14.73. Modiv Industrial has a 52-week low of $13.62 and a 52-week high of $17.15. The company has a market capitalization of $153.70 million, a price-to-earnings ratio of -57.56 and a beta of -0.31.

Modiv Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, April 15th. Investors 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) dividend on an annualized basis and a dividend yield of 8.0%. Modiv Industrial’s dividend payout ratio (DPR) is presently -461.54%.

Institutional Investors Weigh In On Modiv Industrial

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on MDV shares. Weiss Ratings upgraded Modiv Industrial from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 26th. Cantor Fitzgerald started coverage on shares of Modiv Industrial in a research report on Wednesday, February 4th. They set an “overweight” rating and a $18.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, Modiv Industrial presently has an average rating of “Buy” and a consensus price target 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.