INDUS Realty Trust (NASDAQ:INDT – Get Rating) will post its quarterly earnings results before the market opens on Tuesday, May 10th. Individual that wish to listen to the company’s earnings conference call can do so using this link.
INDT opened at $72.11 on Tuesday. The company has a market capitalization of $734.51 million, a PE ratio of 59.60 and a beta of 0.87. INDUS Realty Trust has a 52 week low of $60.77 and a 52 week high of $82.94. The company has a fifty day moving average price of $73.77.
The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Investors of record on Thursday, March 31st were paid 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 0.89%. INDUS Realty Trust’s dividend payout ratio is presently 52.89%.
In other INDUS Realty Trust news, major shareholder Ccp Sbs Gp, Llc purchased 40,492 shares of the business’s stock in a transaction on Friday, February 11th. The stock was acquired at an average cost of $76.00 per share, for a total transaction of $3,077,392.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last 90 days, insiders have acquired 153,330 shares of company stock valued at $11,485,388. Company insiders own 18.70% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Metropolitan Life Insurance Co NY boosted its holdings in shares of INDUS Realty Trust by 9.5% during the fourth quarter. Metropolitan Life Insurance Co NY now owns 1,620 shares of the company’s stock worth $131,000 after purchasing an additional 141 shares during the period. Marshall Wace LLP purchased a new stake in shares of INDUS Realty Trust during the fourth quarter worth about $40,000. California State Teachers Retirement System boosted its holdings in shares of INDUS Realty Trust by 33.4% during the fourth quarter. California State Teachers Retirement System now owns 3,124 shares of the company’s stock worth $253,000 after purchasing an additional 782 shares during the period. Deutsche Bank AG boosted its holdings in shares of INDUS Realty Trust by 25.0% during the fourth quarter. Deutsche Bank AG now owns 4,924 shares of the company’s stock worth $399,000 after purchasing an additional 986 shares during the period. Finally, Citigroup Inc. boosted its holdings in shares of INDUS Realty Trust by 215.8% during the fourth quarter. Citigroup Inc. now owns 1,576 shares of the company’s stock worth $128,000 after purchasing an additional 1,077 shares during the period. Institutional investors own 66.78% of the company’s stock.
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.
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