CastleKnight Management LP raised its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 22.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,818,213 shares of the company's stock after buying an additional 338,435 shares during the period. CastleKnight Management LP owned about 2.75% of Industrial Logistics Properties Trust worth $6,636,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in shares of Industrial Logistics Properties Trust by 27.7% during the fourth quarter. Bank of America Corp DE now owns 80,111 shares of the company's stock valued at $292,000 after acquiring an additional 17,391 shares in the last quarter. Anson Funds Management LP boosted its stake in shares of Industrial Logistics Properties Trust by 1.7% during the 4th quarter. Anson Funds Management LP now owns 567,175 shares of the company's stock valued at $2,070,000 after purchasing an additional 9,731 shares in the last quarter. Nantahala Capital Management LLC increased its position in shares of Industrial Logistics Properties Trust by 86.4% during the fourth quarter. Nantahala Capital Management LLC now owns 2,107,893 shares of the company's stock valued at $7,694,000 after buying an additional 976,761 shares during the period. Northern Trust Corp boosted its position in Industrial Logistics Properties Trust by 2.0% during the 4th quarter. Northern Trust Corp now owns 541,038 shares of the company's stock valued at $1,975,000 after acquiring an additional 10,562 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Industrial Logistics Properties Trust by 15.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,124 shares of the company's stock worth $89,000 after acquiring an additional 3,199 shares in the last quarter. Institutional investors own 49.08% of the company's stock.
Industrial Logistics Properties Trust Stock Performance
Shares of Industrial Logistics Properties Trust stock traded up $0.06 during trading on Friday, hitting $3.15. 178,197 shares of the company's stock traded hands, compared to its average volume of 454,376. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $5.45. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53. The business has a 50-day simple moving average of $3.12 and a 200-day simple moving average of $3.51. The stock has a market capitalization of $208.35 million, a P/E ratio of -2.16 and a beta of 2.14.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The company reported $0.20 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 $111.91 million for the quarter.
Industrial Logistics Properties Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.27%. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is presently -2.80%.
Wall Street Analyst Weigh In
Separately, B. Riley initiated coverage on Industrial Logistics Properties Trust in a research report on Friday. They set a "buy" rating and a $5.00 price objective for the company.
View Our Latest Stock Report on ILPT
Industrial Logistics Properties Trust Company Profile
(
Free Report)
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.
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