HTLF Bank Takes $5.40 Million Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

HTLF Bank purchased a new position in Industrial Logistics Properties Trust (NASDAQ:ILPT) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 1,148,563 shares of the company’s stock, valued at approximately $5,398,000. HTLF Bank owned approximately 1.74% of Industrial Logistics Properties Trust at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Industrial Logistics Properties Trust by 3.2% during the third quarter. Vanguard Group Inc. now owns 10,867,771 shares of the company’s stock valued at $59,773,000 after purchasing an additional 335,617 shares during the last quarter. State Street Corp increased its position in shares of Industrial Logistics Properties Trust by 1.1% in the second quarter. State Street Corp now owns 4,219,783 shares of the company’s stock worth $59,415,000 after acquiring an additional 46,351 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Industrial Logistics Properties Trust by 10.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,105,821 shares of the company’s stock valued at $6,086,000 after acquiring an additional 199,879 shares during the period. Balyasny Asset Management L.P. lifted its position in shares of Industrial Logistics Properties Trust by 32.1% in the 1st quarter. Balyasny Asset Management L.P. now owns 1,687,723 shares of the company’s stock valued at $5,181,000 after acquiring an additional 409,811 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Industrial Logistics Properties Trust by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 1,441,950 shares of the company’s stock worth $4,427,000 after purchasing an additional 22,439 shares during the period. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Up 2.8 %

Shares of ILPT traded up $0.10 during mid-day trading on Friday, reaching $3.71. The company’s stock had a trading volume of 176,588 shares, compared to its average volume of 362,559. Industrial Logistics Properties Trust has a 1 year low of $1.64 and a 1 year high of $4.88. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 3.71. The company has a market cap of $244.27 million, a price-to-earnings ratio of -2.19 and a beta of 1.73. The business has a fifty day moving average of $3.95 and a 200 day moving average of $3.69.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.08%. Industrial Logistics Properties Trust’s payout ratio is presently -2.41%.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.