Colliers Securities analyst Barry Oxford maintained a Buy rating on Modiv (MDV – Research Report) today and set a price target of $18.00. The company’s shares opened today at $15.67.
Oxford covers the Financial sector, focusing on stocks such as Postal Realty, INDUS Realty Trust, and BRT Apartments. According to TipRanks, Oxford has an average return of 9.2% and a 65.00% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Modiv with a $18.00 average price target.
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Based on Modiv’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $9.65 million and a GAAP net loss of $10.15 million. In comparison, last year the company earned a revenue of $8.75 million and had a net profit of $2.96 million
Based on the recent corporate insider activity of 61 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MDV in relation to earlier this year.
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Modiv Inc is a pioneer in the direct-to-consumer commercial real estate product industry. It provides individual investors access to real estate and real estate-related investments designed to provide both income and long-term growth.
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