Modiv Industrial, Inc. (NYSE:MDV) Sees Large Decrease in Short Interest

Modiv Industrial, Inc. (NYSE:MDV - Get Free Report) was the recipient of a significant decline in short interest in October. As of October 15th, there was short interest totalling 12,500 shares, a decline of 21.9% from the September 30th total of 16,000 shares. Based on an average daily trading volume, of 30,500 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the company's shares are sold short.

Modiv Industrial Stock Down 0.9 %

Shares of MDV traded down $0.16 during mid-day trading on Friday, reaching $17.76. 30,523 shares of the stock traded hands, compared to its average volume of 26,677. The firm has a market cap of $167.89 million, a price-to-earnings ratio of -37.79, a P/E/G ratio of 2.58 and a beta of -0.21. The stock has a fifty day simple moving average of $16.40 and a 200 day simple moving average of $15.41. Modiv Industrial has a 12-month low of $13.50 and a 12-month high of $18.11.

Modiv Industrial (NYSE:MDV - Get Free Report) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.28). Modiv Industrial had a negative return on equity of 0.78% and a negative net margin of 3.71%. The business had revenue of $11.34 million for the quarter, compared to analysts' expectations of $11.76 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. On average, equities research analysts expect that Modiv Industrial will post 1.32 earnings per share for the current fiscal year.

Modiv Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, November 25th. Investors of record on Thursday, October 31st will be issued a $0.0958 dividend. The ex-dividend date of this dividend is Thursday, October 31st. Modiv Industrial's dividend payout ratio is presently -244.68%.

Insider Buying and Selling at Modiv Industrial

In related news, major shareholder First City Investment Group, L acquired 5,000 shares of the business's stock in a transaction on Wednesday, July 31st. The shares were bought at an average cost of $14.94 per share, with a total value of $74,700.00. Following the completion of the transaction, the insider now directly owns 653,944 shares of the company's stock, valued at $9,769,923.36. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in MDV. Marshall Wace LLP acquired a new position in shares of Modiv Industrial in the 2nd quarter worth approximately $143,000. Bailard Inc. acquired a new position in Modiv Industrial in the second quarter worth $149,000. Naviter Wealth LLC bought a new stake in Modiv Industrial during the third quarter valued at $177,000. Dimensional Fund Advisors LP increased its stake in Modiv Industrial by 56.9% during the second quarter. Dimensional Fund Advisors LP now owns 22,929 shares of the company's stock valued at $324,000 after purchasing an additional 8,314 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in shares of Modiv Industrial by 20.2% during the second quarter. Renaissance Technologies LLC now owns 47,100 shares of the company's stock worth $666,000 after purchasing an additional 7,900 shares during the period. 8.21% of the stock is currently owned by institutional investors.

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.