Gamco Investors INC. ET AL lowered its position in shares of INDUS Realty Trust, Inc. (NASDAQ:INDT – Get Rating) by 10.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 510,067 shares of the company’s stock after selling 56,731 shares during the quarter. Gamco Investors INC. ET AL owned 0.05% of INDUS Realty Trust worth $41,346,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in INDT. Goldman Sachs Group Inc. increased its stake in INDUS Realty Trust by 25.9% in the 3rd quarter. Goldman Sachs Group Inc. now owns 23,736 shares of the company’s stock worth $1,664,000 after purchasing an additional 4,879 shares in the last quarter. Moors & Cabot Inc. purchased a new position in INDUS Realty Trust in the 3rd quarter worth about $719,000. Daiwa Securities Group Inc. increased its stake in INDUS Realty Trust by 66.7% in the 4th quarter. Daiwa Securities Group Inc. now owns 1,857 shares of the company’s stock worth $151,000 after purchasing an additional 743 shares in the last quarter. Metropolitan Life Insurance Co NY purchased a new position in INDUS Realty Trust in the 3rd quarter worth about $104,000. Finally, Geode Capital Management LLC increased its stake in INDUS Realty Trust by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 84,218 shares of the company’s stock worth $5,903,000 after purchasing an additional 1,547 shares in the last quarter. 66.78% of the stock is owned by institutional investors and hedge funds.
In other INDUS Realty Trust news, major shareholder Ccp Sbs Gp, Llc purchased 13,987 shares of the business’s stock in a transaction dated Thursday, February 24th. The shares were acquired at an average price of $75.75 per share, for a total transaction of $1,059,515.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In the last ninety days, insiders have purchased 124,698 shares of company stock worth $9,041,858. Insiders own 18.70% of the company’s stock.
INDUS Realty Trust (NASDAQ:INDT – Get Rating) last released its earnings results on Monday, March 7th. The company reported $1.94 earnings per share for the quarter. INDUS Realty Trust had a return on equity of 5.05% and a net margin of 34.68%. The company had revenue of $11.66 million for the quarter.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $0.64 dividend on an annualized basis and a yield of 1.03%. INDUS Realty Trust’s dividend payout ratio is currently 47.06%.
INDT has been the topic of a number of analyst reports. BTIG Research lifted their price target on INDUS Realty Trust from $74.00 to $91.00 in a research note on Tuesday, January 25th. JMP Securities dropped their price target on INDUS Realty Trust from $85.00 to $81.00 and set a “market outperform” rating on the stock in a research note on Wednesday. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, INDUS Realty Trust presently has a consensus rating of “Buy” and a consensus price target of $82.60.
INDUS Realty Trust Company Profile (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.
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