CastleKnight Management LP increased its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 22.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,818,213 shares of the company's stock after acquiring an additional 338,435 shares during the period. CastleKnight Management LP owned about 2.75% of Industrial Logistics Properties Trust worth $6,636,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. First Trust Advisors LP bought a new stake in shares of Industrial Logistics Properties Trust in the 4th quarter worth approximately $39,000. EMC Capital Management boosted its holdings in 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 last quarter. Caprock Group LLC acquired a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth about $56,000. Silver Oak Securities Incorporated purchased a new position in shares of Industrial Logistics Properties Trust in the 4th quarter valued at about $65,000. Finally, Resona Asset Management Co. Ltd. purchased a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter valued at $80,000. 49.08% of the stock is owned by institutional investors.
Industrial Logistics Properties Trust Stock Down 6.5 %
ILPT stock opened at $2.87 on Tuesday. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $5.45. The company has a current ratio of 4.84, a quick ratio of 4.53 and a debt-to-equity ratio of 4.26. The company has a market capitalization of $189.83 million, a price-to-earnings ratio of -1.97 and a beta of 2.14. The firm's 50-day moving average is $3.19 and its two-hundred day moving average is $3.54.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last issued its 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. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.39%. The ex-dividend date is Tuesday, April 22nd. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is presently -2.80%.
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.
Further Reading
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