Colliers Securities Begins Coverage on INDUS Realty Trust (NASDAQ:INDT)

Investment analysts at Colliers Securities started coverage on shares of INDUS Realty Trust (NASDAQ:INDTGet Rating) in a research report issued on Tuesday, reports. The brokerage set a “neutral” rating and a $70.00 price target on the stock. Colliers Securities’ price target would indicate a potential upside of 10.78% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the stock. JMP Securities lowered their target price on shares of INDUS Realty Trust from $85.00 to $81.00 and set a “market outperform” rating for the company in a report on Wednesday, May 18th. BTIG Research upped their price objective on INDUS Realty Trust from $74.00 to $91.00 in a report on Tuesday, January 25th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $80.50.

NASDAQ:INDT opened at $63.19 on Tuesday. The firm has a market cap of $643.65 million, a PE ratio of 46.46 and a beta of 0.84. The firm has a 50 day simple moving average of $71.27 and a 200-day simple moving average of $74.74. INDUS Realty Trust has a 1-year low of $61.36 and a 1-year high of $82.94.

INDUS Realty Trust (NASDAQ:INDTGet Rating) last issued its quarterly earnings results on Monday, March 7th. The company reported $1.94 earnings per share for the quarter. The company had revenue of $11.66 million during the quarter. INDUS Realty Trust had a return on equity of 5.05% and a net margin of 34.68%.

In other news, major shareholder Ccp Sbs Gp, Llc acquired 7,127 shares of the stock in a transaction on Wednesday, May 4th. The stock was bought at an average price of $71.51 per share, with a total value of $509,651.77. Following the completion of the transaction, the insider now directly owns 733,474 shares of the company’s stock, valued at $52,450,725.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last quarter, insiders bought 118,497 shares of company stock valued at $8,570,830. Insiders own 18.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of INDUS Realty Trust during the 1st quarter valued at approximately $2,708,000. Endeavour Capital Advisors Inc. bought a new position in INDUS Realty Trust during the 1st quarter valued at $1,093,000. Goldman Sachs Group Inc. bought a new position in INDUS Realty Trust during the 1st quarter valued at $735,000. State Street Corp grew its holdings in INDUS Realty Trust by 25.4% during the 1st quarter. State Street Corp now owns 92,695 shares of the company’s stock worth $6,790,000 after acquiring an additional 18,773 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in shares of INDUS Realty Trust in the 1st quarter worth about $559,000. Hedge funds and other 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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