Barclays PLC Purchases Shares of 5,206 Modiv Industrial, Inc. (NYSE:MDV)

Barclays PLC acquired a new stake in Modiv Industrial, Inc. (NYSE:MDV) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,206 shares of the company’s stock, valued at approximately $87,000.

Several other hedge funds also recently modified their holdings of the business. Asset Management One Co. Ltd. bought a new position in Modiv Industrial in the third quarter worth $212,000. Nomura Asset Management Co. Ltd. bought a new position in Modiv Industrial in the third quarter worth $205,000. Naviter Wealth LLC bought a new position in Modiv Industrial in the third quarter worth $177,000. Marshall Wace LLP bought a new position in Modiv Industrial in the second quarter worth $143,000. Finally, Dimensional Fund Advisors LP lifted its position in Modiv Industrial by 56.9% in the second quarter. Dimensional Fund Advisors LP now owns 22,929 shares of the company’s stock worth $324,000 after purchasing an additional 8,314 shares during the period. 8.21% of the stock is owned by institutional investors.

Modiv Industrial Stock Down 0.9 %

Shares of MDV opened at $14.52 on Thursday. The company has a 50-day moving average price of $15.91 and a two-hundred day moving average price of $15.71. The stock has a market cap of $140.06 million, a price-to-earnings ratio of -132.00, a P/E/G ratio of 2.56 and a beta of -0.20. Modiv Industrial, Inc. has a 12 month low of $13.50 and a 12 month high of $18.11.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Wednesday, November 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.52). The company had revenue of $11.59 million during 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 period in the previous year, the company posted $0.33 earnings per share. Equities research analysts expect that Modiv Industrial, Inc. will post 1.24 EPS for the current fiscal year.

Modiv Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, February 25th. Shareholders of record on Friday, January 31st will be issued a dividend of $0.0975 per share. The ex-dividend date is Friday, January 31st. This is a boost from Modiv Industrial’s previous dividend of $0.10. Modiv Industrial’s dividend payout ratio (DPR) is presently -1,063.64%.

About Modiv Industrial

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.