Modiv (NYSE:MDV) Issues FY 2022 Earnings Guidance

Modiv (NYSE:MDVGet Rating) issued an update on its FY 2022 earnings guidance on Friday morning. The company provided EPS guidance of $1.26-$1.36 for the period. The company issued revenue guidance of -.

Modiv Stock Performance

NYSE:MDV opened at $15.30 on Friday. The business has a 50 day moving average of $15.54 and a 200 day moving average of $16.82. Modiv has a 1-year low of $14.31 and a 1-year high of $89.99.

Modiv Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Friday, September 30th will be given a $0.096 dividend. The ex-dividend date is Thursday, September 29th.

Analysts Set New Price Targets

Several analysts have weighed in on MDV shares. Colliers International Group started coverage on Modiv in a research report on Monday, June 6th. They issued a buy rating for the company. Colliers Securities assumed coverage on Modiv in a research report on Monday, June 6th. They issued a buy rating and a $22.00 price objective for the company.

Institutional Investors Weigh In On Modiv

An institutional investor recently bought a new position in Modiv stock. Millennium Management LLC bought a new position in Modiv Inc. (NYSE:MDVGet Rating) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 16,878 shares of the company’s stock, valued at approximately $298,000. Millennium Management LLC owned about 0.23% of Modiv at the end of the most recent quarter. Institutional investors own 21.09% of the company’s stock.

Modiv Company Profile

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Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.

See Also

Earnings History and Estimates for Modiv (NYSE:MDV)

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