2,656 Shares in Modiv Industrial, Inc. (NYSE:MDV) Acquired by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. bought a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV) during the 3rd quarter, Holdings Channel reports. The firm bought 2,656 shares of the company’s stock, valued at approximately $45,000.

Other institutional investors also recently added to or reduced their stakes in the company. Hollencrest Capital Management bought a new stake in shares of Modiv Industrial during the third quarter valued at about $90,000. Renaissance Technologies LLC increased its stake in Modiv Industrial by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 47,100 shares of the company’s stock valued at $666,000 after buying an additional 7,900 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Modiv Industrial by 56.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 22,929 shares of the company’s stock worth $324,000 after buying an additional 8,314 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Modiv Industrial in the 2nd quarter worth approximately $143,000. Finally, Naviter Wealth LLC bought a new position in shares of Modiv Industrial in the third quarter valued at approximately $177,000. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Price Performance

NYSE MDV opened at $16.02 on Monday. The firm has a market capitalization of $154.59 million, a PE ratio of -145.64, a P/E/G ratio of 2.58 and a beta of -0.21. Modiv Industrial, Inc. has a 12 month low of $13.50 and a 12 month 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 posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.52). Modiv Industrial had a return on equity of 1.42% and a net margin of 6.72%. The firm had revenue of $11.59 million during the quarter, compared to the consensus estimate of $11.90 million. During the same period in the prior year, the firm posted $0.33 EPS. Sell-side analysts anticipate that Modiv Industrial, Inc. will post 1.24 earnings per share for the current fiscal year.

Modiv Industrial Increases Dividend

The firm also recently announced a monthly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a dividend of $0.0975 per share. The ex-dividend date of this dividend 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 yield of 7.30%. Modiv Industrial’s dividend payout ratio is currently -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.