Modiv Industrial (MDV) to Release Quarterly Earnings on Wednesday

Modiv Industrial (NYSE:MDV) will announce its earnings results before the market opens on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.34 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Modiv Industrial (NYSE:MDV) last issued its earnings results on Tuesday, August 6th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.28). The company had revenue of $11.34 million for the quarter, compared to analysts’ expectations of $11.76 million. Modiv Industrial had a negative return on equity of 0.78% and a negative net margin of 3.71%. During the same period last year, the business posted $0.31 earnings per share. On average, analysts expect Modiv Industrial to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Modiv Industrial Stock Down 1.3 %

Shares of NYSE:MDV opened at $16.59 on Tuesday. The firm’s 50 day simple moving average is $16.58 and its 200-day simple moving average is $15.49. Modiv Industrial has a one year low of $13.50 and a one year high of $18.11.

Modiv Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, January 27th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.0958 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.15 dividend on an annualized basis and a dividend yield of 6.93%. Modiv Industrial’s dividend payout ratio is presently -145.57%.

About Modiv Industrial

Modiv Industrial, Inc is an internally managed REIT that is focused on single-tenant net-lease industrial manufacturing real estate. The Company actively acquires critical industrial manufacturing properties with long-term leases to tenants that fuel the national economy and strengthen the nation's supply chains.