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

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

Several other institutional investors have also added to or reduced their stakes in MDV. State Street Corp lifted its position in shares of Modiv Industrial by 16.3% in the 3rd quarter. State Street Corp now owns 15,135 shares of the company’s stock worth $256,000 after purchasing an additional 2,121 shares during the period. Daiwa Securities Group Inc. purchased a new stake in shares of Modiv Industrial in the 3rd quarter worth about $45,000. Hollencrest Capital Management purchased a new stake in shares of Modiv Industrial in the 3rd quarter worth about $90,000. Renaissance Technologies LLC lifted its position in shares of Modiv Industrial by 20.2% in the 2nd quarter. Renaissance Technologies LLC now owns 47,100 shares of the company’s stock worth $666,000 after purchasing an additional 7,900 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in shares of Modiv Industrial by 56.9% in the 2nd 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. Hedge funds and other institutional investors own 8.21% of the company’s stock.

Modiv Industrial Price Performance

Shares of NYSE MDV opened at $14.74 on Friday. Modiv Industrial, Inc. has a 1 year low of $13.69 and a 1 year high of $18.11. The stock has a market cap of $142.25 million, a P/E ratio of -134.01 and a beta of -0.20. The firm has a 50-day moving average of $15.48 and a 200 day moving average of $15.75.

Modiv Industrial (NYSE:MDV) last issued its quarterly 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). Modiv Industrial had a net margin of 6.72% and a return on equity of 1.42%. The business had revenue of $11.59 million for the quarter, compared to analysts’ expectations of $11.90 million. During the same period last year, the business earned $0.33 earnings per share. Research analysts expect that Modiv Industrial, Inc. will post 1.18 earnings per share for the current fiscal year.

Modiv Industrial Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, February 25th. Investors of record on Friday, January 31st will be given a dividend of $0.0975 per share. This is a boost from Modiv Industrial’s previous dividend of $0.10. The ex-dividend date of this dividend is Friday, January 31st. Modiv Industrial’s dividend payout ratio (DPR) is -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.