Modiv Industrial, Inc. (NYSE:MDV) Shares Bought by State Street Corp

State Street Corp boosted its holdings in shares of Modiv Industrial, Inc. (NYSE:MDV) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 15,135 shares of the company’s stock after purchasing an additional 2,121 shares during the period. State Street Corp’s holdings in Modiv Industrial were worth $256,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. acquired a new position in Modiv Industrial during the third quarter worth about $45,000. Hollencrest Capital Management acquired a new position in shares of Modiv Industrial in the 3rd quarter valued at $90,000. Renaissance Technologies LLC increased its holdings in shares of Modiv Industrial by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 47,100 shares of the company’s stock worth $666,000 after buying an additional 7,900 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Modiv Industrial by 56.9% in the second quarter. Dimensional Fund Advisors LP now owns 22,929 shares of the company’s stock valued at $324,000 after buying an additional 8,314 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of Modiv Industrial during the 2nd quarter valued at $143,000. 8.21% of the stock is owned by institutional investors and hedge funds.

Modiv Industrial Price Performance

Shares of NYSE MDV opened at $14.88 on Friday. Modiv Industrial, Inc. has a 1-year low of $13.50 and a 1-year high of $18.11. The company has a market capitalization of $143.53 million, a price-to-earnings ratio of -135.27, a PEG ratio of 2.56 and a beta of -0.24. The business has a 50-day moving average of $16.02 and a 200-day moving average of $15.69.

Modiv Industrial (NYSE:MDV) last announced its earnings results on Wednesday, November 6th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $11.90 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. Research analysts expect that Modiv Industrial, Inc. will post 1.24 EPS for the current fiscal year.

Modiv Industrial Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, February 25th. Stockholders of record on Friday, January 31st will be paid 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 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.