Jane Street Group LLC cut its position in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 78.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 35,865 shares of the company's stock after selling 128,858 shares during the quarter. Jane Street Group LLC owned 0.05% of Industrial Logistics Properties Trust worth $131,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in ILPT. Caprock Group LLC purchased a new position in shares of Industrial Logistics Properties Trust in the fourth quarter valued at $56,000. Silver Oak Securities Incorporated acquired a new stake in Industrial Logistics Properties Trust in the fourth quarter valued at $65,000. HTLF Bank raised its holdings in Industrial Logistics Properties Trust by 11.5% in the fourth quarter. HTLF Bank now owns 1,280,150 shares of the company's stock valued at $4,673,000 after acquiring an additional 131,587 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in Industrial Logistics Properties Trust by 28.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 603,250 shares of the company's stock valued at $2,202,000 after acquiring an additional 132,158 shares in the last quarter. Finally, Intech Investment Management LLC raised its holdings in Industrial Logistics Properties Trust by 94.4% in the fourth quarter. Intech Investment Management LLC now owns 28,892 shares of the company's stock valued at $105,000 after acquiring an additional 14,032 shares in the last quarter. 49.08% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, B. Riley initiated coverage on shares of Industrial Logistics Properties Trust in a report on Friday, May 9th. They issued a "buy" rating and a $5.00 price target on the stock.
Read Our Latest Stock Report on Industrial Logistics Properties Trust
Insiders Place Their Bets
In other Industrial Logistics Properties Trust news, Director Joseph Morea bought 20,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were bought at an average cost of $3.31 per share, with a total value of $66,200.00. Following the completion of the acquisition, the director now owns 112,191 shares of the company's stock, valued at approximately $371,352.21. This trade represents a 21.69% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is owned by corporate insiders.
Industrial Logistics Properties Trust Trading Up 1.2%
ILPT opened at $3.29 on Friday. The stock has a market capitalization of $217.61 million, a PE ratio of -2.25 and a beta of 2.22. The firm's fifty day moving average price is $3.00 and its 200 day moving average price is $3.45. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53. Industrial Logistics Properties Trust has a 12-month low of $2.45 and a 12-month high of $5.45.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $111.91 million for the quarter. Industrial Logistics Properties Trust had a negative net margin of 21.63% and a negative return on equity of 8.98%.
Industrial Logistics Properties Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.22%. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is -2.80%.
Industrial Logistics Properties Trust 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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