Modiv Inc. (NYSE:MDV – Get Rating) was the target of a significant growth in short interest in November. As of November 30th, there was short interest totalling 37,200 shares, a growth of 7.2% from the November 15th total of 34,700 shares. Based on an average daily volume of 21,100 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.6% of the shares of the stock are sold short.

Modiv Stock Up 2.7 %

MDV opened at $12.86 on Monday. Modiv has a 52-week low of $9.61 and a 52-week high of $89.99. The company has a market cap of $95.90 million and a P/E ratio of -9.25. The firm's 50-day moving average price is $11.52 and its 200-day moving average price is $14.28.

Modiv Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, April 25th. Shareholders of record on Friday, March 31st will be given a $0.0958 dividend. The ex-dividend date is Thursday, March 30th. This represents a $1.15 annualized dividend and a yield of 8.94%. Modiv's dividend payout ratio is presently -82.73%.

Institutional Inflows and Outflows

Wall Street Analysts Forecast Growth

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

Modiv Company Profile

(Get Rating)

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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