State Board of Administration of Florida Retirement System Makes New $277,000 Investment in INDUS Realty Trust, Inc. (NASDAQ:INDT)

State Board of Administration of Florida Retirement System acquired a new position in shares of INDUS Realty Trust, Inc. (NASDAQ:INDTGet Rating) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,670 shares of the company’s stock, valued at approximately $277,000.

Other hedge funds have also recently bought and sold shares of the company. Endeavour Capital Advisors Inc. acquired a new position in INDUS Realty Trust during the first quarter worth $1,093,000. New York State Common Retirement Fund grew its holdings in shares of INDUS Realty Trust by 33.5% during the first quarter. New York State Common Retirement Fund now owns 5,252 shares of the company’s stock worth $384,000 after purchasing an additional 1,317 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in shares of INDUS Realty Trust by 6.7% during the second quarter. Asset Management One Co. Ltd. now owns 9,635 shares of the company’s stock worth $571,000 after purchasing an additional 607 shares during the last quarter. Amalgamated Bank bought a new stake in shares of INDUS Realty Trust during the first quarter worth $65,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of INDUS Realty Trust during the first quarter worth $735,000. 69.43% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, BTIG Research decreased their target price on INDUS Realty Trust from $91.00 to $72.00 and set a “buy” rating on the stock in a report on Monday, October 17th.

INDUS Realty Trust Stock Up 1.3 %

INDUS Realty Trust stock opened at $57.25 on Tuesday. The business’s 50-day simple moving average is $53.74 and its 200 day simple moving average is $59.01. The stock has a market cap of $583.49 million, a price-to-earnings ratio of 24.53 and a beta of 0.81. INDUS Realty Trust, Inc. has a 12-month low of $48.33 and a 12-month high of $82.94.

INDUS Realty Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, September 29th. INDUS Realty Trust’s dividend payout ratio is 27.23%.

INDUS Realty Trust Company Profile

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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.

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Institutional Ownership by Quarter for INDUS Realty Trust (NASDAQ:INDT)

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