Hollencrest Capital Management Invests $90,000 in Modiv Industrial, Inc. (NYSE:MDV)

Hollencrest Capital Management acquired a new stake in shares of Modiv Industrial, Inc. (NYSE:MDV) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,378 shares of the company’s stock, valued at approximately $90,000. Hollencrest Capital Management owned about 0.06% of Modiv Industrial as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bailard Inc. bought a new position in shares of Modiv Industrial in the second quarter worth approximately $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. Renaissance Technologies LLC boosted its stake in Modiv Industrial by 20.2% during the 2nd quarter. Renaissance Technologies LLC now owns 47,100 shares of the company’s stock valued at $666,000 after purchasing an additional 7,900 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Modiv Industrial in the second quarter worth $143,000. Finally, Naviter Wealth LLC bought a new position in shares of Modiv Industrial during the third quarter valued at $177,000. 8.21% of the stock is currently owned by institutional investors.

Modiv Industrial Trading Up 0.3 %

NYSE MDV opened at $16.76 on Friday. Modiv Industrial, Inc. has a one year low of $13.50 and a one year high of $18.11. The stock has a 50-day moving average of $16.60 and a 200 day moving average of $15.53.

Modiv Industrial (NYSE:MDV) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.28). The company had revenue of $11.34 million during the quarter, compared to the consensus estimate of $11.76 million. Modiv Industrial had a return on equity of 1.40% and a net margin of 6.72%. During the same quarter in the prior year, the firm earned $0.31 earnings per share. Analysts anticipate that Modiv Industrial, Inc. will post 1.32 earnings per share for the current fiscal year.

Modiv Industrial Increases Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.0975 per share. This represents a $1.17 annualized dividend and a dividend yield of 6.98%. This is a boost from Modiv Industrial’s previous monthly dividend of $0.10. The ex-dividend date of this dividend is Friday, February 28th. Modiv Industrial’s dividend payout ratio is presently -1,045.45%.

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.