In this article, we discuss the top 5 stock picks of Mark Gallogly’s Centerbridge Partners. If you want to read our detailed analysis of Gallogly’s investment philosophy and performance, go directly to the Top 10 Stock Picks of Mark Gallogly’s Centerbridge Partners.
5. INDUS Realty Trust, Inc. (NASDAQ:INDT)
Centerbridge Partners’ Stake Value: $99,200,000
Percentage of Centerbridge Partners’ 13F Portfolio: 6.33%
Number of Hedge Fund Holders: 10
INDUS Realty Trust, Inc. (NASDAQ:INDT), a real estate investment trust, is one of the top stocks to buy according to Mark Gallogly’s Centerbridge Partners. The fund elevated its position in INDUS Realty Trust, Inc. (NASDAQ:INDT) by 39% to build a $99.2 million stake in the company. INDUS Realty Trust, Inc. (NASDAQ:INDT) has 41 structures totaling about 4.6 million square feet in Connecticut, North Carolina, Pennsylvania, and Florida, in addition to more than 3,400 acres of undeveloped property.
On May 23, Colliers initiated coverage of INDUS Realty Trust, Inc. (NASDAQ:INDT), assigning the company a ‘Neutral’ rating and $70 price objective. INDUS Realty Trust, Inc. received little attention from smart investors in the first quarter of 2022. According to Insider Monkey’s quarterly filings data, 10 funds were bullish on INDUS Realty Trust, Inc. (NASDAQ:INDT), down from 13 in the fourth quarter of 2021.
In its Q4 2021 investor letter, Clark Street Value, an investment management firm, mentioned INDUS Realty Trust, Inc. (NASDAQ:INDT). Here is what the fund said:
“INDUS Realty Trust (INDT) will similarly just be in my tuck it away and forget about it pile for now, it is a logistics/warehouse REIT that has recruited much of the old Gramercy Property Trust (GPT) team, with the former CFO, Jon Clark, taking over at year end to round out things out. The tailwinds are pretty clear, and with a relatively small asset base and experienced team, they can be “sharp shooters” as they describe it, pick and choose smaller deals the likes of Blackstone can’t be bothered with to assemble a portfolio.”