Insider Buying: INDUS Realty Trust, Inc. (NASDAQ:INDT) Major Shareholder Buys 4,107 Shares of Stock

INDUS Realty Trust, Inc. (NASDAQ:INDTGet Rating) major shareholder Ccp Sbs Gp, Llc bought 4,107 shares of the business’s stock in a transaction on Monday, April 25th. The shares were purchased at an average cost of $71.99 per share, for a total transaction of $295,662.93. Following the completion of the purchase, the insider now owns 697,403 shares in the company, valued at $50,206,041.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Ccp Sbs Gp, Llc also recently made the following trade(s):

  • On Wednesday, April 13th, Ccp Sbs Gp, Llc bought 688 shares of INDUS Realty Trust stock. The shares were purchased at an average cost of $72.00 per share, for a total transaction of $49,536.00.
  • On Monday, April 11th, Ccp Sbs Gp, Llc purchased 9,001 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $71.94 per share, for a total transaction of $647,531.94.
  • On Wednesday, April 6th, Ccp Sbs Gp, Llc purchased 61 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $72.00 per share, for a total transaction of $4,392.00.
  • On Monday, March 28th, Ccp Sbs Gp, Llc purchased 4,076 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $73.43 per share, for a total transaction of $299,300.68.
  • On Friday, March 25th, Ccp Sbs Gp, Llc purchased 1,124 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $71.99 per share, for a total transaction of $80,916.76.
  • On Wednesday, March 23rd, Ccp Sbs Gp, Llc purchased 7,026 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $71.99 per share, for a total transaction of $505,801.74.
  • On Monday, March 14th, Ccp Sbs Gp, Llc purchased 5,934 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $71.98 per share, for a total transaction of $427,129.32.
  • On Thursday, March 10th, Ccp Sbs Gp, Llc purchased 227 shares of INDUS Realty Trust stock. The stock was bought at an average cost of $72.00 per share, for a total transaction of $16,344.00.
  • On Monday, March 7th, Ccp Sbs Gp, Llc acquired 6,937 shares of INDUS Realty Trust stock. The stock was acquired at an average price of $71.51 per share, with a total value of $496,064.87.
  • On Monday, February 28th, Ccp Sbs Gp, Llc acquired 100 shares of INDUS Realty Trust stock. The stock was acquired at an average price of $75.99 per share, with a total value of $7,599.00.

INDT stock opened at $72.15 on Thursday. INDUS Realty Trust, Inc. has a 52-week low of $60.77 and a 52-week high of $82.94. The company has a 50-day moving average of $73.98 and a two-hundred day moving average of $74.77. The stock has a market capitalization of $734.92 million, a price-to-earnings ratio of 59.63 and a beta of 0.87.

The company also recently declared a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Wednesday, March 30th. INDUS Realty Trust’s dividend payout ratio (DPR) is 52.89%.

A number of hedge funds have recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Holdings Inc. boosted its holdings in INDUS Realty Trust by 13.1% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 8,561 shares of the company’s stock valued at $626,000 after acquiring an additional 992 shares during the period. Meixler Investment Management Ltd. boosted its holdings in INDUS Realty Trust by 31.7% during the first quarter. Meixler Investment Management Ltd. now owns 7,426 shares of the company’s stock valued at $543,000 after acquiring an additional 1,786 shares during the period. BlackRock Inc. boosted its holdings in INDUS Realty Trust by 26.0% during the fourth quarter. BlackRock Inc. now owns 342,064 shares of the company’s stock valued at $27,728,000 after acquiring an additional 70,616 shares during the period. Wells Fargo & Company MN boosted its holdings in INDUS Realty Trust by 1,365.2% during the fourth quarter. Wells Fargo & Company MN now owns 3,370 shares of the company’s stock valued at $273,000 after acquiring an additional 3,140 shares during the period. Finally, Deutsche Bank AG boosted its holdings in INDUS Realty Trust by 25.0% during the fourth quarter. Deutsche Bank AG now owns 4,924 shares of the company’s stock valued at $399,000 after acquiring an additional 986 shares during the period. Institutional investors own 58.27% of the company’s stock.

Separately, BTIG Research upped their price objective on shares of INDUS Realty Trust from $74.00 to $91.00 in a report on Tuesday, January 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, INDUS Realty Trust currently has a consensus rating of “Buy” and an average price target of $79.57.

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.

See Also

Insider Buying and Selling by Quarter for INDUS Realty Trust (NASDAQ:INDT)

Receive News & Ratings for INDUS Realty Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for INDUS Realty Trust and related companies with MarketBeat.com's FREE daily email newsletter.