Here’s Why You Must Consider Investing in INDUS Realty Trust (INDT)

Rhizome Partners, an investment management firm, published its third-quarter 2021 investor letter – a copy of which can be downloaded here. A quarterly net loss of 1.7% was delivered by the fund for the third quarter of 2021, versus the 0.6% gain of the S&P 500 index and 0.2% gain of the NAREIT index for the same period. You can take a look at the fund’s top 5 holdings to have an idea about their best picks for 2021.

Rhizome Partners, in its Q3 2021 investor letter, mentioned INDUS Realty Trust, Inc. (NASDAQ: INDT) and discussed its stance on the firm. INDUS Realty Trust, Inc. is a New York, New York-based real estate investment trust company with a $763 million market capitalization. INDTdelivered a 20.00% return since the beginning of the year, while its 12-month returns are up by 5.78%. The stock closed at $75.00 per share on November 24, 2021.

Here is what Rhizome Partners has to say about INDUS Realty Trust, Inc.  in its Q3 2021 investor letter:

“The rest of our portfolio hummed along nicely during the quarter. Fundamentals are generally strong. INDUS Realty is executing well and gaining more buy-side awareness. The pace of its deal making has accelerated. Warehouse rent and occupancy rates have exceeded our expectations.”

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Based on our calculations, INDUS Realty Trust, Inc. (NASDAQ: INDT) was not able to clinch a spot in our list of the 30 Most Popular Stocks Among Hedge Funds. INDT was in 7 hedge fund portfolios at the end of the third quarter of 2021, compared to 8 funds in the previous quarter. INDUS Realty Trust, Inc. (NASDAQ: INDT) delivered a 5.04% return in the past 3 months.

Disclosure: None. This article is originally published at Insider Monkey.