INDUS Realty Trust, Inc. (NASDAQ:INDT) Given Consensus Rating of “Moderate Buy” by Brokerages

INDUS Realty Trust, Inc. (NASDAQ:INDTGet Rating) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $80.50.

A number of research firms have weighed in on INDT. Colliers Securities started coverage on shares of INDUS Realty Trust in a research report on Tuesday, May 24th. They set a “neutral” rating and a $70.00 target price for the company. JMP Securities decreased their price target on shares of INDUS Realty Trust from $85.00 to $81.00 and set a “market outperform” rating on the stock in a research note on Wednesday, May 18th.

Insiders Place Their Bets

In other INDUS Realty Trust news, EVP Jon W. Clark acquired 1,000 shares of the stock in a transaction on Tuesday, June 14th. The shares were purchased at an average price of $56.48 per share, for a total transaction of $56,480.00. Following the completion of the acquisition, the executive vice president now owns 1,000 shares in the company, valued at approximately $56,480. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other INDUS Realty Trust news, EVP Jon W. Clark bought 1,000 shares of the business’s stock in a transaction on Tuesday, June 14th. The stock was purchased at an average price of $56.48 per share, for a total transaction of $56,480.00. Following the completion of the transaction, the executive vice president now directly owns 1,000 shares of the company’s stock, valued at $56,480. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Ccp Sbs Gp, Llc purchased 7,127 shares of the stock in a transaction dated Wednesday, May 4th. The stock was purchased at an average cost of $71.51 per share, for a total transaction of $509,651.77. Following the completion of the acquisition, the insider now owns 733,474 shares of the company’s stock, valued at approximately $52,450,725.74. The disclosure for this purchase can be found here. Insiders own 25.00% of the company’s stock.

Institutional Trading of INDUS Realty Trust

Several large investors have recently added to or reduced their stakes in INDT. SG Americas Securities LLC purchased a new position in INDUS Realty Trust in the 2nd quarter worth about $119,000. Russell Investments Group Ltd. bought a new position in INDUS Realty Trust in the 2nd quarter worth approximately $465,000. Asset Management One Co. Ltd. raised its holdings in shares of INDUS Realty Trust by 6.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 9,635 shares of the company’s stock worth $571,000 after acquiring an additional 607 shares in the last quarter. Amalgamated Bank purchased a new stake in shares of INDUS Realty Trust during the 1st quarter worth approximately $65,000. Finally, Bank of America Corp DE raised its holdings in INDUS Realty Trust by 96.0% during the 1st quarter. Bank of America Corp DE now owns 4,828 shares of the company’s stock valued at $354,000 after buying an additional 2,365 shares during the period. Institutional investors own 66.78% of the company’s stock.

INDUS Realty Trust Trading Down 0.3 %

Shares of NASDAQ INDT opened at $61.08 on Monday. The stock has a 50 day simple moving average of $60.76 and a 200-day simple moving average of $69.23. The company has a market cap of $622.16 million, a PE ratio of 44.91 and a beta of 0.83. INDUS Realty Trust has a 12-month low of $55.92 and a 12-month high of $82.94.

INDUS Realty Trust (NASDAQ:INDTGet Rating) last posted its quarterly earnings data on Tuesday, May 10th. The company reported $0.02 earnings per share for the quarter. INDUS Realty Trust had a net margin of 34.68% and a return on equity of 5.05%. The firm had revenue of $11.52 million for the quarter.

INDUS Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date was Wednesday, June 29th. INDUS Realty Trust’s payout ratio is 47.06%.

About INDUS Realty Trust

(Get Rating)

INDUS Realty Trust, Inc is a real estate business principally engaged in developing, acquiring, managing and leasing industrial/warehouse properties. INDUS owns 41 buildings totaling approximately 4.6 million square feet (4.2 million of which is industrial/warehouse space) in Connecticut, Pennsylvania, North Carolina and Florida in addition to over 3,400 acres of undeveloped land.

Further Reading

Analyst Recommendations for INDUS Realty Trust (NASDAQ:INDT)

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