218,898 Shares in Industrial Logistics Properties Trust $ILPT Purchased by Arrowstreet Capital Limited Partnership

Key Points

• Arrowstreet Capital purchased 218,898 shares of Industrial Logistics Properties Trust, valued at approximately $1.24 million, giving it a 0.33% stake. Institutional investors and hedge funds collectively own 49.08% of ILPT.
• ILPT reported quarterly revenue of $114.12 million and a loss of $0.22 per share, missing analyst expectations. The company increased its quarterly dividend to $0.10 per share, implying a 4.6% annualized yield.
• Analyst sentiment is mixed, with the stock carrying a consensus “Hold” rating and an $11.50 target price versus its reported opening price of $8.61.

Arrowstreet Capital Limited Partnership purchased a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 218,898 shares of the company's stock, valued at approximately $1,243,000. Arrowstreet Capital Limited Partnership owned 0.33% of Industrial Logistics Properties Trust as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in ILPT. State of Wyoming raised its stake in shares of Industrial Logistics Properties Trust by 17.9% in the 1st quarter. State of Wyoming now owns 14,469 shares of the company's stock valued at $82,000 after buying an additional 2,194 shares in the last quarter. Deutsche Bank AG raised its holdings in shares of Industrial Logistics Properties Trust by 3.0% in the fourth quarter. Deutsche Bank AG now owns 85,843 shares of the company's stock valued at $476,000 after buying an additional 2,496 shares during the last quarter. Jain Global LLC lifted its position in shares of Industrial Logistics Properties Trust by 17.3% during the third quarter. Jain Global LLC now owns 16,975 shares of the company's stock worth $99,000 after purchasing an additional 2,500 shares in the last quarter. Verition Fund Management LLC lifted its position in shares of Industrial Logistics Properties Trust by 5.6% during the third quarter. Verition Fund Management LLC now owns 53,861 shares of the company's stock worth $314,000 after purchasing an additional 2,845 shares in the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in shares of Industrial Logistics Properties Trust by 4.7% during the first quarter. Hillsdale Investment Management Inc. now owns 66,300 shares of the company's stock valued at $377,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors and hedge funds own 49.08% of the company's stock.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT stock opened at $8.61 on Friday. The firm's 50 day moving average price is $8.80 and its two-hundred day moving average price is $7.24. The company has a debt-to-equity ratio of 4.97, a quick ratio of 4.11 and a current ratio of 4.11. Industrial Logistics Properties Trust has a 52-week low of $4.92 and a 52-week high of $9.43. The stock has a market cap of $574.72 million, a PE ratio of -11.96 and a beta of 2.49.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.03). The business had revenue of $114.12 million for the quarter, compared to the consensus estimate of $116.10 million. Industrial Logistics Properties Trust had a negative net margin of 10.37% and a negative return on equity of 5.34%. As a group, analysts forecast that Industrial Logistics Properties Trust will post 1.34 EPS for the current year.

Industrial Logistics Properties Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Monday, July 20th. This is a positive change from Industrial Logistics Properties Trust's previous quarterly dividend of $0.05. Industrial Logistics Properties Trust's payout ratio is -55.56%.

Wall Street Analyst Weigh In

ILPT has been the subject of a number of research reports. Zacks Research lowered shares of Industrial Logistics Properties Trust from a "strong-buy" rating to a "hold" rating in a report on Wednesday, July 22nd. Loop Capital set a $11.50 price objective on Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. Wall Street Zen lowered Industrial Logistics Properties Trust from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. B. Riley Financial reissued a "buy" rating on shares of Industrial Logistics Properties Trust in a research note on Thursday, April 23rd. Finally, Weiss Ratings upgraded Industrial Logistics Properties Trust from a "sell (d-)" rating to a "sell (d)" rating in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $11.50.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust NASDAQ: ILPT is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.

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