B. Riley Increases Earnings Estimates for Modiv Industrial

Modiv Industrial, Inc. (NYSE:MDV - Free Report) - Research analysts at B. Riley lifted their Q4 2024 earnings per share estimates for shares of Modiv Industrial in a report issued on Thursday, November 14th. B. Riley analyst B. Maher now forecasts that the company will earn $0.33 per share for the quarter, up from their previous estimate of $0.32. The consensus estimate for Modiv Industrial's current full-year earnings is $1.32 per share. B. Riley also issued estimates for Modiv Industrial's Q2 2025 earnings at $0.36 EPS, Q3 2025 earnings at $0.33 EPS, Q4 2025 earnings at $0.37 EPS, FY2025 earnings at $1.36 EPS and Q2 2026 earnings at $0.38 EPS.

Modiv Industrial Trading Down 0.9 %

Shares of MDV traded down $0.15 during midday trading on Monday, hitting $15.98. 35,785 shares of the company's stock traded hands, compared to its average volume of 27,364. Modiv Industrial has a 1 year low of $13.50 and a 1 year high of $18.11. The firm's fifty day moving average is $16.61 and its 200-day moving average is $15.58. The stock has a market capitalization of $154.21 million, a price-to-earnings ratio of -146.64, a price-to-earnings-growth ratio of 2.44 and a beta of -0.21.

Modiv Industrial (NYSE:MDV - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.18) EPS 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 analysts' expectations of $11.90 million. During the same quarter in the prior year, the company posted $0.33 EPS.

Modiv Industrial Increases Dividend

The company also recently announced a monthly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be paid a $0.0975 dividend. This is a positive change from Modiv Industrial's previous monthly dividend of $0.10. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.17 dividend on an annualized basis and a yield of 7.32%. Modiv Industrial's dividend payout ratio (DPR) is -1,045.45%.

Hedge Funds Weigh In On Modiv Industrial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MDV. Daiwa Securities Group Inc. acquired a new stake in Modiv Industrial during the 3rd quarter worth about $45,000. Barclays PLC acquired a new stake in Modiv Industrial during the 3rd quarter worth about $87,000. Hollencrest Capital Management acquired a new stake in Modiv Industrial during the 3rd quarter worth about $90,000. Marshall Wace LLP acquired a new stake in Modiv Industrial during the 2nd quarter worth about $143,000. Finally, Bailard Inc. acquired a new stake in Modiv Industrial during the 2nd quarter worth about $149,000. Hedge funds and other 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.