Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Purchased by Intech Investment Management LLC

Intech Investment Management LLC raised its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 94.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,892 shares of the company’s stock after acquiring an additional 14,032 shares during the period. Intech Investment Management LLC’s holdings in Industrial Logistics Properties Trust were worth $105,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. EMC Capital Management boosted its position in shares of Industrial Logistics Properties Trust by 65.2% in the 4th quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after purchasing an additional 5,255 shares during the period. Caprock Group LLC purchased a new position in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $56,000. Silver Oak Securities Incorporated acquired a new position in shares of Industrial Logistics Properties Trust in the 4th quarter valued at $65,000. BNP Paribas Financial Markets raised its position in Industrial Logistics Properties Trust by 62.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after purchasing an additional 6,785 shares during the last quarter. Finally, FMR LLC boosted its stake in Industrial Logistics Properties Trust by 16.9% during the 3rd quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after purchasing an additional 3,632 shares during the period. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

NASDAQ ILPT opened at $3.55 on Friday. The firm’s fifty day moving average is $3.78 and its two-hundred day moving average is $3.92. Industrial Logistics Properties Trust has a one year low of $3.15 and a one year high of $5.45. The company has a debt-to-equity ratio of 4.26, a quick ratio of 4.53 and a current ratio of 4.84. The firm has a market cap of $234.81 million, a PE ratio of -2.43 and a beta of 1.88.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%. The firm had revenue of $110.52 million for the quarter.

Industrial Logistics Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.74%.

About Industrial Logistics Properties Trust

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.