Short Interest in Modiv Industrial, Inc. (NYSE:MDV) Decreases By 21.5%

Modiv Industrial, Inc. (NYSE:MDV) saw a significant drop in short interest in July. As of July 15th, there was short interest totalling 21,900 shares, a drop of 21.5% from the June 30th total of 27,900 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 22,800 shares, the days-to-cover ratio is presently 1.0 days.

Modiv Industrial Trading Down 0.1 %

Modiv Industrial stock traded down $0.02 during mid-day trading on Friday, hitting $14.79. The stock had a trading volume of 16,992 shares, compared to its average volume of 16,211. The stock has a 50-day simple moving average of $14.73 and a two-hundred day simple moving average of $15.05. The stock has a market capitalization of $139.77 million, a PE ratio of -31.47, a P/E/G ratio of 2.40 and a beta of -0.23. Modiv Industrial has a 12 month low of $11.79 and a 12 month high of $19.12.

Modiv Industrial Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, August 26th. Investors of record on Wednesday, July 31st will be issued a $0.0958 dividend. The ex-dividend date of this dividend is Wednesday, July 31st. Modiv Industrial’s dividend payout ratio is -244.68%.

Analysts Set New Price Targets

Separately, Alliance Global Partners began coverage on Modiv Industrial in a report on Monday, April 29th. They issued a “buy” rating and a $18.00 price target on the stock.

Hedge Funds Weigh In On Modiv Industrial

An institutional investor recently raised its position in Modiv Industrial stock. Bard Associates Inc. boosted its position in Modiv Industrial, Inc. (NYSE:MDV) by 1.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,465 shares of the company’s stock after acquiring an additional 1,590 shares during the period. Bard Associates Inc. owned 1.42% of Modiv Industrial worth $1,611,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Company 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.