INDUS Realty Trust, Inc. (NASDAQ:INDT) Plans $0.18 Quarterly Dividend

INDUS Realty Trust, Inc. (NASDAQ:INDT – Get Rating) declared a quarterly dividend on Wednesday, March 15th, Zacks reports. Investors of record on Friday, March 31st will be paid a dividend of 0.18 per share on Friday, April 14th. This represents a $0.72 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date of this dividend is Thursday, March 30th.

INDUS Realty Trust Trading Down 0.1 %

INDUS Realty Trust stock traded down $0.08 during midday trading on Friday, reaching $65.86. 23,559 shares of the stock traded hands, compared to its average volume of 131,997. The company has a 50-day simple moving average of $64.51 and a two-hundred day simple moving average of $60.10. INDUS Realty Trust has a 12-month low of $48.33 and a 12-month high of $75.53. The firm has a market cap of $671.11 million, a PE ratio of 109.90 and a beta of 0.83.

INDUS Realty Trust (NASDAQ:INDT – Get Rating) last announced its earnings results on Monday, March 6th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.61). The firm had revenue of $12.90 million for the quarter. INDUS Realty Trust had a net margin of 12.42% and a return on equity of 0.70%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of INDT. Alliancebernstein L.P. acquired a new stake in shares of INDUS Realty Trust during the 4th quarter worth approximately $236,000. Lazard Asset Management LLC boosted its stake in INDUS Realty Trust by 235.9% during the 4th quarter. Lazard Asset Management LLC now owns 1,555 shares of the company’s stock valued at $98,000 after purchasing an additional 1,092 shares in the last quarter. Millennium Management LLC bought a new stake in shares of INDUS Realty Trust during the 4th quarter worth $994,000. Morgan Stanley boosted its stake in shares of INDUS Realty Trust by 2.1% during the 4th quarter. Morgan Stanley now owns 39,531 shares of the company’s stock worth $2,510,000 after acquiring an additional 795 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of INDUS Realty Trust by 9.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 14,689 shares of the company’s stock worth $933,000 after buying an additional 1,208 shares during the period. Hedge funds and other institutional investors own 84.21% of the company’s stock.

Analysts Set New Price Targets

INDT has been the topic of several research analyst reports. JMP Securities lowered INDUS Realty Trust from an “outperform” rating to a “market perform” rating in a research report on Thursday, February 23rd. Robert W. Baird downgraded INDUS Realty Trust from an “outperform” rating to a “neutral” rating in a research report on Wednesday, February 22nd.

INDUS Realty Trust Company Profile

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Indus Realty Trust, Inc engages in the developing, managing and leasing industrial/warehouse properties. The company was founded in 1970 and is headquartered in New York, NY.