Insider Buying: INDUS Realty Trust, Inc. (NASDAQ:INDT) Major Shareholder Purchases 5,813 Shares of Stock

INDUS Realty Trust, Inc. (NASDAQ:INDT) major shareholder Ccp Sbs Gp, Llc purchased 5,813 shares of the business’s stock in a transaction dated Wednesday, January 12th. The shares were acquired at an average price of $79.98 per share, for a total transaction of $464,923.74. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

INDT opened at $80.15 on Friday. INDUS Realty Trust, Inc. has a 1-year low of $56.30 and a 1-year high of $82.94. The company has a fifty day moving average price of $76.97 and a two-hundred day moving average price of $71.19.

INDUS Realty Trust (NASDAQ:INDT) last posted its quarterly earnings results on Thursday, November 4th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.42). INDUS Realty Trust had a negative net margin of 40.95% and a negative return on equity of 6.07%. The company had revenue of $10.75 million during the quarter.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Stockholders of record on Thursday, December 30th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, December 29th. This is an increase from INDUS Realty Trust’s previous quarterly dividend of $0.15. This represents a $0.64 annualized dividend and a dividend yield of 0.80%. INDUS Realty Trust’s payout ratio is presently -23.79%.

INDT has been the topic of several recent analyst reports. BTIG Research restated a “buy” rating and issued a $74.00 target price on shares of INDUS Realty Trust in a report on Thursday, November 11th. Berenberg Bank initiated coverage on shares of INDUS Realty Trust in a report on Wednesday, October 20th. They issued a “buy” rating and a $77.00 target price on the stock. Robert W. Baird restated a “buy” rating and issued a $75.00 target price on shares of INDUS Realty Trust in a report on Tuesday, October 12th. JMP Securities boosted their target price on shares of INDUS Realty Trust from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Wednesday, November 17th. Finally, Aegis initiated coverage on shares of INDUS Realty Trust in a report on Wednesday, December 8th. They issued a “buy” rating and a $89.00 target price on the stock. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $77.14.

Several large investors have recently bought and sold shares of INDT. DigitalBridge Group Inc. increased its position in shares of INDUS Realty Trust by 65.2% during the third quarter. DigitalBridge Group Inc. now owns 255,102 shares of the company’s stock worth $17,883,000 after acquiring an additional 100,702 shares in the last quarter. Monarch Alternative Capital LP increased its position in shares of INDUS Realty Trust by 15.7% during the second quarter. Monarch Alternative Capital LP now owns 648,013 shares of the company’s stock worth $42,542,000 after acquiring an additional 88,013 shares in the last quarter. BlackRock Inc. increased its position in shares of INDUS Realty Trust by 20.3% during the second quarter. BlackRock Inc. now owns 273,338 shares of the company’s stock worth $17,946,000 after acquiring an additional 46,102 shares in the last quarter. Morgan Stanley increased its position in shares of INDUS Realty Trust by 1,981.8% during the second quarter. Morgan Stanley now owns 35,516 shares of the company’s stock worth $2,332,000 after acquiring an additional 33,810 shares in the last quarter. Finally, Moors & Cabot Inc. bought a new stake in shares of INDUS Realty Trust during the third quarter worth about $719,000. 47.62% of the stock is owned by institutional investors.

INDUS Realty Trust Company Profile

Indus Realty Trust, Inc engages in developing, managing and leasing industrial/warehouse properties. The company was founded in 1970 and is headquartered in New York, NY.

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