Modiv Industrial (NYSE:MDV - Get Free Report) will announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Persons interested in listening to the company's earnings conference call can do so using this link.
Modiv Industrial (NYSE:MDV - Get Free Report) last announced its earnings results on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.31 by ($0.28). The company had revenue of $11.34 million for the quarter, compared to analyst estimates of $11.76 million. Modiv Industrial had a negative return on equity of 0.78% and a negative net margin of 3.71%. During the same quarter in the previous year, the company posted $0.31 earnings per share. On average, analysts expect Modiv Industrial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Modiv Industrial Trading Down 1.0 %
Shares of Modiv Industrial stock traded down $0.18 during midday trading on Wednesday, reaching $17.13. The company had a trading volume of 13,880 shares, compared to its average volume of 26,659. The stock has a fifty day simple moving average of $16.51 and a 200 day simple moving average of $15.43. Modiv Industrial has a 1-year low of $13.50 and a 1-year high of $18.11. The company has a market capitalization of $161.35 million, a price-to-earnings ratio of -21.59, a price-to-earnings-growth ratio of 2.58 and a beta of -0.21.
Modiv Industrial Announces Dividend
The company also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Investors of record on Tuesday, December 31st will be given a $0.0958 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.15 dividend on an annualized basis and a yield of 6.71%. Modiv Industrial's payout ratio is -145.57%.
About Modiv Industrial
(
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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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