In a report released today, Gaurav Mehta from EF Hutton reiterated a Buy rating on Modiv (MDV – Research Report), with a price target of $17.00. The company’s shares closed yesterday at $12.01.
According to TipRanks, Mehta is a 3-star analyst with an average return of 3.0% and a 51.55% success rate. Mehta covers the Financial sector, focusing on stocks such as Gladstone Commercial, Gladstone Land, and Alpine Income Property Trust Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Modiv with a $18.50 average price target.
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Based on Modiv’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $10.39 million and a net profit of $2.17 million. In comparison, last year the company earned a revenue of $10.31 million and had a net profit of $3.65 million
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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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