INDUS Realty Trust (NASDAQ:INDT) Sees Strong Trading Volume

Shares of INDUS Realty Trust, Inc. (NASDAQ:INDT) saw strong trading volume on Wednesday . 1,464 shares were traded during mid-day trading, a decline of 83% from the previous session’s volume of 8,591 shares.The stock last traded at $65.80 and had previously closed at $66.86.

Several research analysts recently weighed in on the stock. Robert W. Baird began coverage on shares of INDUS Realty Trust in a research report on Tuesday, March 16th. They issued an “outperform” rating and a $67.00 price objective for the company. BTIG Research began coverage on shares of INDUS Realty Trust in a report on Monday, April 26th. They set a “buy” rating and a $74.00 target price for the company. Citigroup began coverage on shares of INDUS Realty Trust in a report on Thursday, May 13th. They set a “neutral” rating and a $70.00 target price for the company. Finally, Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell began coverage on shares of INDUS Realty Trust in a report on Thursday, May 13th. They set a “neutral” rating and a $70.00 target price for the company.

The stock has a market capitalization of $513.80 million, a P/E ratio of -28.45 and a beta of 0.94. The company’s fifty day simple moving average is $63.19.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Stockholders of record on Wednesday, June 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Tuesday, June 15th.

Hedge funds have recently made changes to their positions in the company. Strs Ohio acquired a new position in shares of INDUS Realty Trust in the 1st quarter valued at $49,000. UBS Group AG acquired a new position in shares of INDUS Realty Trust in the 1st quarter valued at $83,000. Morgan Stanley acquired a new position in shares of INDUS Realty Trust in the 1st quarter valued at $103,000. American International Group Inc. acquired a new position in shares of INDUS Realty Trust in the 1st quarter valued at $116,000. Finally, New York State Common Retirement Fund acquired a new position in shares of INDUS Realty Trust in the 1st quarter valued at $208,000. 46.93% of the stock is owned by institutional investors.

INDUS Realty Trust Company Profile (NASDAQ:INDT)

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.

Recommended Story: Why Invest in High-Yield Dividend Stocks?

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.