In a report released today, Barry Oxford from Colliers Securities maintained a Buy rating on Modiv (MDV – Research Report), with a price target of $17.00.
Barry Oxford has given his Buy rating due to a combination of factors that highlight Modiv’s strategic positioning and financial performance. The company has successfully shifted its focus towards manufactured industrial properties while divesting from retail and office assets, which aligns with current market trends and demographic shifts towards California and the Sunbelt region. This strategic realignment, coupled with an attractive valuation, underpins the Buy rating.
Additionally, Modiv’s financial health is reinforced by its strong liquidity position, allowing it to pursue further acquisitions when market conditions stabilize. Despite having slightly elevated leverage, the company reported impressive earnings for the first quarter of 2025, surpassing consensus and previous estimates. The company’s proactive lease renewals and acquisition activities, along with a positive outlook on tariffs’ minimal impact on their tenants, further support the optimistic rating.
Oxford covers the Real Estate sector, focusing on stocks such as Centerspace, Postal Realty, and Gladstone Commercial. According to TipRanks, Oxford has an average return of 1.3% and a 54.01% success rate on recommended stocks.
In another report released today, Alliance Global Partners also reiterated a Buy rating on the stock with a $19.00 price target.