First City Investment Group, L Acquires 5,000 Shares of Modiv Industrial, Inc. (NYSE:MDV) Stock

Modiv Industrial, Inc. (NYSE:MDV) major shareholder First City Investment Group, L purchased 5,000 shares of Modiv Industrial stock in a transaction that occurred on Wednesday, July 31st. The stock was acquired at an average cost of $14.94 per share, with a total value of $74,700.00. Following the acquisition, the insider now directly owns 653,944 shares in the company, valued at approximately $9,769,923.36. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Modiv Industrial Stock Performance

Shares of Modiv Industrial stock opened at $14.88 on Monday. The firm has a market capitalization of $140.66 million, a price-to-earnings ratio of -31.66, a PEG ratio of 2.40 and a beta of -0.23. Modiv Industrial, Inc. has a fifty-two week low of $11.79 and a fifty-two week high of $19.12. The stock has a 50 day moving average of $14.67 and a 200 day moving average of $15.04.

Modiv Industrial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 30th will be paid a $0.0958 dividend. The ex-dividend date of this dividend is Friday, August 30th. Modiv Industrial’s payout ratio is currently -244.68%.

Analysts Set New Price Targets

Separately, Alliance Global Partners initiated coverage on Modiv Industrial in a research note on Monday, April 29th. They set a “buy” rating and a $18.00 price objective for the company.

Institutional Trading of Modiv Industrial

An institutional investor recently bought a new position in Modiv Industrial stock. Bailard Inc. bought a new stake in Modiv Industrial, Inc. (NYSE:MDV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,517 shares of the company’s stock, valued at approximately $149,000. Bailard Inc. owned about 0.11% of Modiv Industrial at the end of the most recent reporting period. Institutional investors own 8.21% of the company’s stock.

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.