Sumitomo Mitsui Trust Group Inc. Purchases New Position in Modiv Industrial, Inc. (NYSE:MDV)

Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,569 shares of the company’s stock, valued at approximately $172,000. Sumitomo Mitsui Trust Group Inc. owned 0.12% of Modiv Industrial at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Barclays PLC bought a new stake in Modiv Industrial during the 3rd quarter valued at approximately $87,000. Geode Capital Management LLC boosted its position in Modiv Industrial by 25.3% during the 3rd quarter. Geode Capital Management LLC now owns 91,777 shares of the company’s stock valued at $1,543,000 after acquiring an additional 18,549 shares in the last quarter. Nomura Asset Management Co. Ltd. bought a new stake in Modiv Industrial during the 3rd quarter valued at approximately $205,000. State Street Corp boosted its position in Modiv Industrial by 16.3% during the 3rd quarter. State Street Corp now owns 15,135 shares of the company’s stock valued at $256,000 after acquiring an additional 2,121 shares in the last quarter. Finally, Daiwa Securities Group Inc. bought a new stake in Modiv Industrial during the 3rd quarter valued at approximately $45,000. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Stock Performance

Modiv Industrial stock opened at $14.77 on Friday. The stock’s 50 day simple moving average is $15.09 and its two-hundred day simple moving average is $15.79. The stock has a market cap of $142.48 million, a price-to-earnings ratio of -134.23 and a beta of -0.21. Modiv Industrial, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $18.11.

Modiv Industrial 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.