Modiv Industrial (NYSE:MDV) Posts Quarterly Earnings Results

Modiv Industrial (NYSE:MDV) announced its earnings results on Tuesday. The company reported $0.37 EPS for the quarter, beating analysts’ consensus estimates of $0.20 by $0.17, Zacks reports. Modiv Industrial had a net margin of 6.72% and a return on equity of 1.42%.

Modiv Industrial Trading Up 1.3 %

Shares of MDV stock opened at $15.41 on Tuesday. The firm has a 50-day moving average price of $14.90 and a 200 day moving average price of $15.80. Modiv Industrial has a twelve month low of $13.69 and a twelve month high of $18.11. The company has a market capitalization of $148.62 million, a price-to-earnings ratio of -140.06 and a beta of -0.21.

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.