Hillsdale Investment Management Inc. Takes Position in Modiv Industrial, Inc. (NYSE:MDV)

Hillsdale Investment Management Inc. acquired a new position in Modiv Industrial, Inc. (NYSE:MDV) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 16,700 shares of the company’s stock, valued at approximately $248,000. Hillsdale Investment Management Inc. owned about 0.17% of Modiv Industrial at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of MDV. Geode Capital Management LLC raised its position in shares of Modiv Industrial by 25.3% during 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. Nomura Asset Management Co. Ltd. bought a new stake in Modiv Industrial during the 3rd quarter worth about $205,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Modiv Industrial during the 4th quarter valued at about $172,000. Barclays PLC bought a new position in shares of Modiv Industrial in the 3rd quarter valued at about $87,000. Finally, Daiwa Securities Group Inc. acquired a new stake in shares of Modiv Industrial during the 3rd quarter worth approximately $45,000. Institutional investors and hedge funds own 8.21% of the company’s stock.

Modiv Industrial Price Performance

MDV opened at $16.03 on Tuesday. Modiv Industrial, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $18.11. The company has a market cap of $159.77 million, a price-to-earnings ratio of -145.73 and a beta of -0.22. The firm has a 50 day simple moving average of $15.13 and a 200 day simple moving average of $15.78.

Modiv Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 7.30%. The ex-dividend date is Monday, June 30th. Modiv Industrial’s payout ratio is 468.00%.

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.