Bailard Inc. grew its stake in shares of Modiv Industrial, Inc. (NYSE:MDV – Free Report) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 13,302 shares of the company’s stock after acquiring an additional 715 shares during the period. Bailard Inc.’s holdings in Modiv Industrial were worth $198,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Asset Management One Co. Ltd. purchased a new position in Modiv Industrial in the third quarter valued at approximately $212,000. Hollencrest Capital Management bought a new stake in shares of Modiv Industrial in the third quarter valued at $90,000. Daiwa Securities Group Inc. purchased a new position in shares of Modiv Industrial during the 3rd quarter valued at $45,000. State Street Corp grew its stake in shares of Modiv Industrial by 16.3% during the 3rd quarter. State Street Corp now owns 15,135 shares of the company’s stock worth $256,000 after acquiring an additional 2,121 shares during the period. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in Modiv Industrial in the 3rd quarter worth about $205,000. 8.21% of the stock is owned by institutional investors.
Modiv Industrial Stock Up 7.2 %
NYSE MDV opened at $15.83 on Thursday. The company has a market cap of $152.70 million, a PE ratio of -143.91 and a beta of -0.21. Modiv Industrial, Inc. has a 52 week low of $13.69 and a 52 week high of $18.11. The firm’s 50-day simple moving average is $14.89 and its two-hundred day simple moving average is $15.81.
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.
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