Resona Asset Management Co. Ltd. Acquires Shares of 3,321 Modiv Industrial, Inc. (NYSE:MDV)

Resona Asset Management Co. Ltd. bought a new position in Modiv Industrial, Inc. (NYSE:MDV) in the 4th quarter, according to its most recent disclosure with the SEC. The firm bought 3,321 shares of the company’s stock, valued at approximately $50,000.

A number of other large investors have also recently modified their holdings of the stock. Barclays PLC purchased a new stake in Modiv Industrial in the third quarter worth about $87,000. Sumitomo Mitsui Trust Group Inc. purchased a new position in shares of Modiv Industrial in the 4th quarter valued at approximately $172,000. Bailard Inc. boosted its position in shares of Modiv Industrial by 5.7% during the fourth quarter. Bailard Inc. now owns 13,302 shares of the company’s stock valued at $198,000 after purchasing an additional 715 shares in the last quarter. Nomura Asset Management Co. Ltd. purchased a new stake in Modiv Industrial in the third quarter worth $205,000. Finally, Hillsdale Investment Management Inc. purchased a new stake in Modiv Industrial in the fourth quarter worth $248,000. Institutional investors own 8.21% of the company’s stock.

Modiv Industrial Trading Down 0.6 %

Shares of Modiv Industrial stock opened at $14.39 on Friday. Modiv Industrial, Inc. has a 12 month low of $13.62 and a 12 month high of $18.11. The firm has a market capitalization of $143.43 million, a P/E ratio of -130.82 and a beta of -0.24. The business has a fifty day simple moving average of $15.28 and a two-hundred day simple moving average of $15.66.

Modiv Industrial Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, May 15th. Investors of record on Wednesday, April 30th will be given a dividend of $0.0975 per share. The ex-dividend date of this dividend is Wednesday, April 30th. Modiv Industrial’s dividend payout ratio (DPR) is currently 468.00%.

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.