Modiv Industrial (MDV) to Release Earnings on Tuesday

Modiv Industrial (NYSE:MDV) will announce its earnings results before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.31 per share for the quarter.

Modiv Industrial Stock Performance

MDV traded up $0.10 on Friday, hitting $14.91. 1,662 shares of the company were exchanged, compared to its average volume of 24,507. The business’s fifty day moving average is $14.68 and its 200 day moving average is $15.04. Modiv Industrial has a fifty-two week low of $11.79 and a fifty-two week high of $19.12. The firm has a market capitalization of $140.90 million, a P/E ratio of -31.51, a price-to-earnings-growth ratio of 2.41 and a beta of -0.23.

Modiv Industrial Announces Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, September 25th. Stockholders of record on Friday, August 30th will be given a $0.0958 dividend. The ex-dividend date of this dividend is Friday, August 30th. Modiv Industrial’s dividend payout ratio is presently -244.68%.

Analyst Ratings Changes

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