North Star Investment Management Corp. Makes New $859,000 Investment in Modiv Industrial, Inc. $MDV

North Star Investment Management Corp. acquired a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV) in the first quarter, according to its most recent disclosure with the SEC. The firm acquired 60,000 shares of the company’s stock, valued at approximately $859,000. North Star Investment Management Corp. owned approximately 0.58% of Modiv Industrial at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. BNP Paribas Financial Markets lifted its holdings in shares of Modiv Industrial by 65.7% in the third quarter. BNP Paribas Financial Markets now owns 2,185 shares of the company’s stock worth $32,000 after buying an additional 866 shares in the last quarter. Royal Bank of Canada grew its stake in Modiv Industrial by 648.8% during the fourth quarter. Royal Bank of Canada now owns 2,209 shares of the company’s stock valued at $32,000 after acquiring an additional 1,914 shares in the last quarter. Bank of America Corp DE increased its holdings in Modiv Industrial by 3,913.3% in the 2nd quarter. Bank of America Corp DE now owns 3,010 shares of the company’s stock valued at $42,000 after acquiring an additional 2,935 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Modiv Industrial by 858.3% in the 2nd 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. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Modiv Industrial in the 2nd quarter worth $72,000. Institutional investors own 8.21% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Freedom Capital downgraded shares of Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. Lucid Cap Mkts cut Modiv Industrial from a “strong-buy” rating to a “hold” rating in a report on Monday, May 4th. 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. Wall Street Zen lowered Modiv Industrial from a “hold” rating to a “sell” rating in a research note on Sunday, May 10th. Finally, Zacks Research upgraded Modiv Industrial from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 23rd. Six equities research analysts have rated the stock with a Hold rating, According to MarketBeat, Modiv Industrial presently has a consensus rating of “Hold” and an average target price of $18.50.

Insider Activity at Modiv Industrial

In related news, CEO Aaron Scott Halfacre bought 5,766 shares of the company’s stock in a transaction dated Friday, June 26th. The stock was purchased at an average price of $17.49 per share, for a total transaction of $100,847.34. Following the acquisition, the chief executive officer owned 134,245 shares in the company, valued at $2,347,945.05. This trade represents a 4.49% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

Modiv Industrial Stock Down 0.9%

MDV stock opened at $17.49 on Tuesday. Modiv Industrial, Inc. has a 52 week low of $13.80 and a 52 week high of $18.83. The company has a fifty day simple moving average of $17.66 and a two-hundred day simple moving average of $15.83. The firm has a market capitalization of $180.56 million, a P/E ratio of -42.66 and a beta of -0.09.

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

Modiv Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 10th. Stockholders of record on Monday, August 3rd will be paid a $0.10 dividend. This represents a c) annualized dividend and a dividend yield of 6.9%. The ex-dividend date of this dividend is Monday, August 3rd. Modiv Industrial’s dividend payout ratio (DPR) is presently -292.68%.

Modiv Industrial 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.