16,700 Shares in Modiv Industrial, Inc. (NYSE:MDV) Purchased by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. bought a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 16,700 shares of the company's stock, valued at approximately $248,000. Hillsdale Investment Management Inc. owned 0.17% of Modiv Industrial as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Daiwa Securities Group Inc. bought a new stake in shares of Modiv Industrial in the third quarter valued at approximately $45,000. Barclays PLC bought a new stake in Modiv Industrial in the 3rd quarter valued at $87,000. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Modiv Industrial in the 4th quarter worth $172,000. Nomura Asset Management Co. Ltd. bought a new position in shares of Modiv Industrial during the 3rd quarter worth about $205,000. Finally, Bailard Inc. increased its holdings in shares of Modiv Industrial by 5.7% during the 4th quarter. Bailard Inc. now owns 13,302 shares of the company's stock worth $198,000 after purchasing an additional 715 shares during the period. Institutional investors and hedge funds own 8.21% of the company's stock.

Modiv Industrial Trading Down 0.6 %

MDV stock traded down $0.10 during midday trading on Friday, hitting $15.76. The stock had a trading volume of 41,801 shares, compared to its average volume of 31,150. Modiv Industrial, Inc. has a 52 week low of $13.69 and a 52 week high of $18.11. The stock has a 50-day simple moving average of $15.21 and a 200 day simple moving average of $15.78. The firm has a market capitalization of $157.08 million, a price-to-earnings ratio of -143.27 and a beta of -0.22.

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Modiv Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.0975 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.17 annualized dividend and a yield of 7.42%. Modiv Industrial's dividend payout ratio is currently 468.00%.

Modiv Industrial 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.