INDT - INDUS Realty stock climbs after BTIG rates Buy on its focus on growth regions

INDUS Realty Trust (INDT) gains 5.7% after BTIG analyst Thomas Catherwood starts coverage of the REIT with a Buy rating and a $74 price target.Implies 22% upside potential to Friday's close at $60.54.Among INDT's strengths: Its high-quality legacy portfolio and strategy that combines value-add acquisitions and development capabilities; its strategy of targeting investments in Southeast an Mid-Atlantic states with growing populations and business-friendly economic policies; and its buildings in the 75K-400K-square-foot range that appeal to a broad spectrum of tenants.Catherwood initiates coverage of Industrial Logistics Properties Trust ([[ILPT]] +0.0%) with a Neutral rating as he sees limited near-term value creation in ILPT's portfolio.Notes that the companies portfolio is a mix of three operating platforms — a high-touch infill portfolio in Hawaii, a portfolio of larger, modern warehouse on the U.S. mainland, and a recently established private capital vehicle that also invests in modern mainland assets.BTIG's Neutral rating aligns with the Quant

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INDUS Realty stock climbs after BTIG rates Buy on its focus on growth regions