Stock analysts at B. Riley began coverage on shares of Modiv Industrial (NYSE:MDV - Get Free Report) in a note issued to investors on Tuesday. The firm set a "buy" rating and a $18.00 price target on the stock. B. Riley's target price indicates a potential upside of 15.68% from the company's current price.
Modiv Industrial Stock Up 1.7 %
Shares of MDV stock opened at $15.56 on Tuesday. Modiv Industrial has a 12-month low of $13.62 and a 12-month high of $18.11. The company has a market capitalization of $155.09 million, a PE ratio of -141.45 and a beta of -0.24. The firm has a 50 day moving average price of $15.24 and a two-hundred day moving average price of $15.59.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in MDV. Barclays PLC bought a new stake in shares of Modiv Industrial in the third quarter valued at about $87,000. Geode Capital Management LLC raised its stake in Modiv Industrial by 25.3% in the 3rd quarter. Geode Capital Management LLC now owns 91,777 shares of the company's stock worth $1,543,000 after purchasing an additional 18,549 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in Modiv Industrial in the 4th quarter worth about $248,000. Sumitomo Mitsui Trust Group Inc. bought a new stake in Modiv Industrial in the 4th quarter valued at about $172,000. Finally, State Street Corp grew its position 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 purchasing an additional 2,121 shares in the last quarter. 8.21% of the stock is owned by institutional investors and hedge funds.
Modiv Industrial Company Profile
(
Get Free Report)
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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