Modiv Industrial, Inc. (NYSE:MDV – Get Free Report) was the recipient of a large 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. Based on an average daily volume of 22,800 shares, the short-interest ratio is currently 1.0 days. Approximately 0.3% of the shares of the stock are sold short.
Wall Street Analysts Forecast Growth
Separately, Alliance Global Partners began coverage on Modiv Industrial in a research note on Monday, April 29th. They issued a “buy” rating and a $18.00 price objective for the company.
Check Out Our Latest Stock Analysis on Modiv Industrial
Modiv Industrial Stock Down 0.1 %
Modiv Industrial Announces Dividend
The business also recently declared a dividend, which will be paid on Monday, August 26th. Shareholders of record on Wednesday, July 31st will be given a dividend of $0.0958 per share. The ex-dividend date of this dividend is Wednesday, July 31st. Modiv Industrial’s payout ratio is -244.68%.
Hedge Funds Weigh In On Modiv Industrial
A hedge fund recently raised its stake in Modiv Industrial stock. Bard Associates Inc. lifted its holdings in shares of Modiv Industrial, Inc. (NYSE:MDV – Free Report) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 107,465 shares of the company’s stock after purchasing an additional 1,590 shares during the quarter. Bard Associates Inc. owned about 1.42% of Modiv Industrial worth $1,611,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 8.21% of the company’s stock.
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.
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