Modiv Industrial, Inc. (NYSE:MDV) Short Interest Down 53.8% in March

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 12,800 shares, a drop of 53.8% from the February 28th total of 27,700 shares. Based on an average daily trading volume, of 38,400 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the company's stock are short sold.

Institutional Investors Weigh In On Modiv Industrial

Several institutional investors have recently made changes to their positions in MDV. Bailard Inc. increased its holdings in Modiv Industrial by 5.7% in the fourth quarter. Bailard Inc. now owns 13,302 shares of the company's stock worth $198,000 after buying an additional 715 shares during the last quarter. State Street Corp increased 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 purchasing an additional 2,121 shares during the last quarter. Daiwa Securities Group Inc. acquired a new position in shares of Modiv Industrial during the 3rd quarter worth $45,000. Northern Trust Corp raised its holdings in shares of Modiv Industrial by 19.6% during the 4th quarter. Northern Trust Corp now owns 16,687 shares of the company's stock valued at $248,000 after purchasing an additional 2,732 shares in the last quarter. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Modiv Industrial in the 4th quarter valued at $50,000. 8.21% of the stock is currently owned by institutional investors and hedge funds.

Modiv Industrial Stock Up 0.3 %

Shares of Modiv Industrial stock traded up $0.05 on Tuesday, hitting $16.10. 14,013 shares of the company traded hands, compared to its average volume of 36,206. Modiv Industrial has a 12-month low of $13.69 and a 12-month high of $18.11. The company has a market cap of $160.47 million, a PE ratio of -146.36 and a beta of -0.22. The company has a 50-day moving average price of $15.23 and a 200 day moving average price of $15.77.

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Modiv Industrial Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be given a $0.0975 dividend. The ex-dividend date is Wednesday, April 30th. Modiv Industrial's payout ratio is currently 468.00%.

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.