Modiv Industrial, Inc. (NYSE:MDV) Short Interest Down 53.8% in March

Modiv Industrial, Inc. (NYSE:MDV) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 12,800 shares, a decrease of 53.8% from the February 28th total of 27,700 shares. Based on an average trading volume of 38,400 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the stock are sold short.

Institutional Trading of Modiv Industrial

Several institutional investors and hedge funds have recently bought and sold shares of MDV. Millennium Management LLC lifted its stake in Modiv Industrial by 154.1% in the 4th quarter. Millennium Management LLC now owns 38,344 shares of the company’s stock worth $571,000 after acquiring an additional 23,251 shares in the last quarter. Marshall Wace LLP bought a new position in Modiv Industrial in the 4th quarter worth approximately $339,000. 683 Capital Management LLC acquired a new position in shares of Modiv Industrial during the fourth quarter worth approximately $321,000. Jane Street Group LLC bought a new stake in shares of Modiv Industrial in the fourth quarter valued at approximately $295,000. Finally, Geode Capital Management LLC grew its stake in shares of Modiv Industrial by 25.3% in the third quarter. Geode Capital Management LLC now owns 91,777 shares of the company’s stock worth $1,543,000 after acquiring an additional 18,549 shares during the last quarter. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Price Performance

Shares of MDV traded down $0.10 during trading hours on Friday, hitting $15.76. 41,801 shares of the company were exchanged, compared to its average volume of 31,150. The company has a market capitalization of $157.08 million, a PE ratio of -143.27 and a beta of -0.22. The firm has a fifty day simple moving average of $15.21 and a 200-day simple moving average of $15.77. Modiv Industrial has a one year low of $13.69 and a one year high of $18.11.

Modiv Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.0975 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.17 dividend on an annualized basis and a dividend yield of 7.42%. Modiv Industrial’s dividend payout ratio (DPR) is 468.00%.

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.