Modiv Inc. (NYSE:MDV – Get Rating) announced a dividend on Wednesday, November 9th, NASDAQ reports. Shareholders of record on Tuesday, January 31st will be given a dividend of 0.096 per share on Friday, February 24th. The ex-dividend date is Monday, January 30th.

Modiv Trading Up 3.8 %

Shares of NYSE:MDV opened at $13.75 on Friday. The company has a market cap of $102.58 million and a price-to-earnings ratio of -9.89. The company has a 50-day moving average price of $12.46 and a 200-day moving average price of $13.33. Modiv has a 12 month low of $9.61 and a 12 month high of $89.99.

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Analyst Upgrades and Downgrades

Several brokerages have recently commented on MDV. LADENBURG THALM/SH SH began coverage on shares of Modiv in a research note on Friday, November 11th. They set a "buy" rating and a $18.50 price objective for the company. EF Hutton Acquisition Co. I lowered their price objective on shares of Modiv from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Tuesday, November 15th. Janney Montgomery Scott began coverage on shares of Modiv in a research note on Friday, September 30th. They set a "buy" rating and a $20.00 price objective for the company. Finally, B. Riley lowered their price objective on shares of Modiv from $22.00 to $19.00 in a research note on Monday, November 21st. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average price target of $19.30.

Hedge Funds Weigh In On Modiv

A number of institutional investors have recently bought and sold shares of MDV. Tower Research Capital LLC TRC raised its stake in Modiv by 1,706.6% in the third quarter. Tower Research Capital LLC TRC now owns 2,186 shares of the company's stock worth $32,000 after buying an additional 2,065 shares in the last quarter. UBS Group AG raised its stake in Modiv by 851.9% in the third quarter. UBS Group AG now owns 10,024 shares of the company's stock worth $146,000 after buying an additional 8,971 shares in the last quarter. Millennium Management LLC bought a new position in Modiv in the second quarter worth about $298,000. BlackRock Inc. increased its stake in shares of Modiv by 365.9% during the third quarter. BlackRock Inc. now owns 80,380 shares of the company's stock valued at $1,174,000 after purchasing an additional 63,129 shares in the last quarter. Finally, Vanguard Group Inc. increased its stake in shares of Modiv by 56.7% during the third quarter. Vanguard Group Inc. now owns 307,385 shares of the company's stock valued at $4,488,000 after purchasing an additional 111,266 shares in the last quarter. 6.19% of the stock is owned by institutional investors.

About Modiv

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Modiv Inc, (the Company) was incorporated on May 14, 2015 as a Maryland corporation. The Company was formed to primarily invest, directly or indirectly, in real estate owning entities which own single-tenant income-producing properties located in the United States, which are leased to creditworthy tenants under long-term net leases.

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