Modiv Industrial, Inc. (NYSE:MDV) Shares Bought by State Street Corp

State Street Corp grew its stake in Modiv Industrial, Inc. (NYSE:MDV) by 16.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,135 shares of the company’s stock after purchasing an additional 2,121 shares during the quarter. State Street Corp owned approximately 0.16% of Modiv Industrial worth $256,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Daiwa Securities Group Inc. purchased a new position in Modiv Industrial in the 3rd quarter valued at about $45,000. Dimensional Fund Advisors LP increased its holdings in shares of Modiv Industrial by 56.9% in the second quarter. Dimensional Fund Advisors LP now owns 22,929 shares of the company’s stock valued at $324,000 after purchasing an additional 8,314 shares during the last quarter. Marshall Wace LLP acquired a new position in Modiv Industrial during the second quarter worth $143,000. Naviter Wealth LLC purchased a new position in shares of Modiv Industrial during the 3rd quarter worth $177,000. Finally, Hollencrest Capital Management acquired a new position in Modiv Industrial in the 3rd quarter valued at about $90,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Stock Down 0.9 %

MDV stock opened at $14.88 on Friday. The stock has a market cap of $143.53 million, a price-to-earnings ratio of -135.27, a price-to-earnings-growth ratio of 2.56 and a beta of -0.24. Modiv Industrial, Inc. has a 52-week low of $13.50 and a 52-week high of $18.11. The business has a fifty day moving average of $16.02 and a two-hundred day moving average of $15.69.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.52). The firm had revenue of $11.59 million for 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 last year, the company earned $0.33 earnings per share. As a group, sell-side analysts anticipate that Modiv Industrial, Inc. will post 1.24 EPS for the current year.

Modiv Industrial Increases Dividend

The company also recently announced a dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, January 31st will be paid a dividend of $0.0975 per share. This is a positive change from Modiv Industrial’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, January 31st. Modiv Industrial’s dividend payout ratio is presently -1,045.45%.

Modiv Industrial Company Profile

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.