Modiv Industrial (NYSE:MDV – Get Free Report) released its earnings results on Tuesday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.28), Zacks reports. Modiv Industrial had a return on equity of 0.37% and a net margin of 1.80%. The firm had revenue of $11.34 million during the quarter, compared to analysts’ expectations of $11.76 million. During the same period in the prior year, the business earned $0.31 earnings per share.
Modiv Industrial Price Performance
Shares of Modiv Industrial stock traded down $0.19 during trading hours on Wednesday, reaching $14.76. The company had a trading volume of 10,059 shares, compared to its average volume of 24,613. The firm has a market cap of $139.53 million, a PE ratio of -31.40, a price-to-earnings-growth ratio of 2.40 and a beta of -0.23. Modiv Industrial has a one year low of $11.79 and a one year high of $19.12. The business has a fifty day simple moving average of $14.64 and a 200 day simple moving average of $15.04.
Modiv Industrial Announces Dividend
The firm also recently announced a dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.0958 per share. The ex-dividend date of this dividend is Friday, August 30th. Modiv Industrial’s payout ratio is -244.68%.
Insider Activity at Modiv Industrial
Analysts Set New Price Targets
Separately, Alliance Global Partners initiated coverage on shares of Modiv Industrial in a report on Monday, April 29th. They set a “buy” rating and a $18.00 price objective on the stock.
Get Our Latest Report on Modiv Industrial
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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