Martingale Asset Management L P Purchases 1,001 Shares of INDUS Realty Trust, Inc. (NASDAQ:INDT)

Martingale Asset Management L P grew its position in INDUS Realty Trust, Inc. (NASDAQ:INDTGet Rating) by 23.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,213 shares of the company’s stock after buying an additional 1,001 shares during the period. Martingale Asset Management L P owned 0.05% of INDUS Realty Trust worth $310,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. DigitalBridge Group Inc. boosted its holdings in shares of INDUS Realty Trust by 1,710.8% in the 1st quarter. DigitalBridge Group Inc. now owns 6,223,497 shares of the company’s stock valued at $16,115,000 after buying an additional 5,879,806 shares in the last quarter. BlackRock Inc. raised its position in shares of INDUS Realty Trust by 0.3% in the 1st quarter. BlackRock Inc. now owns 343,249 shares of the company’s stock valued at $25,089,000 after purchasing an additional 1,185 shares during the last quarter. State Street Corp raised its position in shares of INDUS Realty Trust by 25.4% in the 1st quarter. State Street Corp now owns 92,695 shares of the company’s stock valued at $6,790,000 after purchasing an additional 18,773 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of INDUS Realty Trust by 10.0% in the 1st quarter. Renaissance Technologies LLC now owns 62,660 shares of the company’s stock valued at $4,580,000 after purchasing an additional 5,700 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of INDUS Realty Trust in the 1st quarter valued at approximately $2,708,000. 69.43% of the stock is currently owned by institutional investors.

INDUS Realty Trust Trading Down 1.1 %

INDT opened at $57.05 on Thursday. INDUS Realty Trust, Inc. has a 12-month low of $48.33 and a 12-month high of $82.94. The firm has a market capitalization of $581.45 million, a PE ratio of 24.28 and a beta of 0.81. The firm has a 50 day moving average of $53.53 and a two-hundred day moving average of $58.82.

INDUS Realty Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 14th. Shareholders of record on Friday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, September 29th. INDUS Realty Trust’s dividend payout ratio is presently 27.23%.

Analyst Ratings Changes

Separately, BTIG Research decreased their price objective on shares of INDUS Realty Trust from $91.00 to $72.00 and set a “buy” rating for the company in a research report on Monday, October 17th.

INDUS Realty Trust Profile

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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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Institutional Ownership by Quarter for INDUS Realty Trust (NASDAQ:INDT)

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