Daiwa Securities Group Inc. Makes New $45,000 Investment in Modiv Industrial, Inc. (NYSE:MDV)

Daiwa Securities Group Inc. bought a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 2,656 shares of the company’s stock, valued at approximately $45,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Hollencrest Capital Management acquired a new position in shares of Modiv Industrial in the 3rd quarter valued at approximately $90,000. Marshall Wace LLP acquired a new stake in Modiv Industrial in the second quarter valued at $143,000. Bailard Inc. bought a new position in Modiv Industrial during the 2nd quarter valued at $149,000. Naviter Wealth LLC acquired a new position in Modiv Industrial during the 3rd quarter worth $177,000. Finally, Asset Management One Co. Ltd. bought a new stake in shares of Modiv Industrial in the 3rd quarter worth about $212,000. 8.21% of the stock is owned by hedge funds and other institutional investors.

Modiv Industrial Stock Performance

Shares of MDV stock opened at $16.02 on Monday. The stock has a market capitalization of $154.59 million, a price-to-earnings ratio of -145.64, a PEG ratio of 2.58 and a beta of -0.21. Modiv Industrial, Inc. has a one year low of $13.50 and a one year high of $18.11. The company’s 50-day simple moving average is $16.59 and its 200-day simple moving average is $15.64.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Wednesday, November 6th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of $0.34 by ($0.52). The firm had revenue of $11.59 million during the quarter, compared to analyst estimates of $11.90 million. Modiv Industrial had a return on equity of 1.42% and a net margin of 6.72%. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, research analysts forecast that Modiv Industrial, Inc. will post 1.24 EPS for the current year.

Modiv Industrial Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, April 25th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.0975 per share. The ex-dividend date is Monday, March 31st. This is a positive change from Modiv Industrial’s previous monthly dividend of $0.10. This represents a $1.17 annualized dividend and a dividend yield of 7.30%. Modiv Industrial’s dividend payout ratio is -1,045.45%.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.