UNITED STATES | |
SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
Notice of Effectiveness | |
Effectiveness Date: | March 21, 2024 |
Accession Number: | 0001140361-24-012830 | ||||||
Submission Type: | POS AM | ||||||
|
UNITED STATES | |
SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
Notice of Effectiveness | |
Effectiveness Date: | March 21, 2024 |
Accession Number: | 0001140361-24-012830 | ||||||
Submission Type: | POS AM | ||||||
|
Date | Price Target | Rating | Analyst |
---|---|---|---|
4/29/2024 | $18.00 | Buy | Alliance Global Partners |
9/30/2022 | $20.00 | Buy | Janney |
6/6/2022 | $22.00 | Buy | Colliers Securities |
3/30/2022 | $24.00 | Buy | B. Riley Securities |
Modiv (NYSE:MDV) reported quarterly earnings of $0.29 per share which missed the analyst consensus estimate of $0.31 by 6.45 percent. This is a 3.33 percent decrease over earnings of $0.30 per share from the same period last year. The company reported quarterly sales of $11.901 million which missed the analyst consensus estimate of $12.152 million by 2.07 percent. This is a 15.42 percent increase over sales of $10.311 million the same period last year.
Alliance Global Partners analyst Gaurav Mehta initiates coverage on Modiv Industrial (NYSE:MDV) with a Buy rating and announces Price Target of $18.
Modiv (NYSE:MDV) reported quarterly AFFO of $0.40 per share. This is a 41.18 percent decrease over earnings of $0.68 per share from the same period last year. The company reported quarterly sales of $12.29 million which missed the analyst consensus estimate of $12.44 million by 1.22 percent. This is a 14.50 percent decrease over sales of $14.37 million the same period last year.
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the third quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of October, November and December 2024. On July 31, 2024, the Board of Dir
Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the second quarter ended June 30, 2024. Highlights: Second quarter rental income of $11.3 million. Due to the elimination of some non-NNN tenant reimbursements related to the August 2023 portfolio disposition of 13 properties, rental income decreased $493,000. Concurrently during the quarter, we benefited from an $834,000 decrease in property expenses and $179,000 decrease in G&A. Second quarter AFFO of $3.9 million increased by $575,000, or 17.3% year over
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the second quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of July, August and September 2024. On May 1, 2024, the Board of Director
8-K - Modiv Industrial, Inc. (0001645873) (Filer)
424B3 - Modiv Industrial, Inc. (0001645873) (Filer)
8-K - Modiv Industrial, Inc. (0001645873) (Filer)
4 - Modiv Industrial, Inc. (0001645873) (Issuer)
4 - Modiv Industrial, Inc. (0001645873) (Issuer)
4 - Modiv Industrial, Inc. (0001645873) (Issuer)
Alliance Global Partners initiated coverage of Modiv with a rating of Buy and set a new price target of $18.00
Janney initiated coverage of Modiv with a rating of Buy and set a new price target of $20.00
Colliers Securities initiated coverage of Modiv with a rating of Buy and set a new price target of $22.00
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the third quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of October, November and December 2024. On July 31, 2024, the Board of Dir
Modiv Industrial, Inc. ("Modiv Industrial", "Modiv", the "Company", "we" or "our"), (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate, today announced operating results for the second quarter ended June 30, 2024. Highlights: Second quarter rental income of $11.3 million. Due to the elimination of some non-NNN tenant reimbursements related to the August 2023 portfolio disposition of 13 properties, rental income decreased $493,000. Concurrently during the quarter, we benefited from an $834,000 decrease in property expenses and $179,000 decrease in G&A. Second quarter AFFO of $3.9 million increased by $575,000, or 17.3% year over
Modiv Industrial, Inc. ("Modiv Industrial," "Modiv" or the "Company") (NYSE:MDV), the only public REIT exclusively focused on acquiring industrial manufacturing real estate properties, announced the declaration of a regular quarterly cash dividend of $0.4609375 per share on the Company's 7.375% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock"), for the second quarter of 2024 and the declaration of a regular monthly cash distribution of $0.09583 per share on the Company's Class C common stock, $0.001 par value per share (the "Common Stock"), for each of July, August and September 2024. On May 1, 2024, the Board of Director
SC 13G - MODIV INC. (0001645873) (Subject)
4 - Modiv Industrial, Inc. (0001645873) (Issuer)
4 - Modiv Industrial, Inc. (0001645873) (Issuer)
4 - Modiv Industrial, Inc. (0001645873) (Issuer)