Nomura Asset Management Co. Ltd. Invests $205,000 in Modiv Industrial, Inc. (NYSE:MDV)

Nomura Asset Management Co. Ltd. bought a new position in Modiv Industrial, Inc. (NYSE:MDV) during the third quarter, according to its most recent filing with the SEC. The firm bought 12,200 shares of the company’s stock, valued at approximately $205,000.

Other hedge funds have also bought and sold shares of the company. Daiwa Securities Group Inc. bought a new position in shares of Modiv Industrial in the third quarter valued at $45,000. Bailard Inc. acquired a new stake in shares of Modiv Industrial in the 2nd quarter worth about $149,000. Dimensional Fund Advisors LP lifted its position in Modiv Industrial by 56.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 22,929 shares of the company’s stock valued at $324,000 after acquiring an additional 8,314 shares in the last quarter. Naviter Wealth LLC acquired a new position in Modiv Industrial during the 3rd quarter valued at about $177,000. Finally, Marshall Wace LLP bought a new stake in Modiv Industrial during the 2nd quarter worth approximately $143,000. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Stock Down 0.4 %

Shares of Modiv Industrial stock opened at $15.86 on Monday. The company has a market cap of $152.99 million, a PE ratio of -144.18, a price-to-earnings-growth ratio of 2.55 and a beta of -0.24. Modiv Industrial, Inc. has a 52 week low of $13.50 and a 52 week high of $18.11. The business has a 50 day moving average price of $16.46 and a 200-day moving average price of $15.68.

Modiv Industrial (NYSE:MDV) last released its quarterly earnings results on Wednesday, November 6th. The company reported ($0.18) EPS for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.52). The company had revenue of $11.59 million during the quarter, compared to analysts’ expectations of $11.90 million. Modiv Industrial had a net margin of 6.72% and a return on equity of 1.42%. During the same period in the previous year, the company posted $0.33 earnings per share. As a group, research analysts anticipate that Modiv Industrial, Inc. will post 1.24 EPS for the current year.

Modiv Industrial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Friday, April 25th. Investors of record on Monday, March 31st will be given a dividend of $0.0975 per share. This is a positive change from Modiv Industrial’s previous monthly dividend of $0.10. This represents a $1.17 dividend on an annualized basis and a dividend yield of 7.38%. The ex-dividend date of this dividend is Monday, March 31st. Modiv Industrial’s dividend payout ratio (DPR) is presently -1,045.45%.

Modiv Industrial 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.