Jane Street Group LLC cut its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 78.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & 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 approximately 0.05% of Industrial Logistics Properties Trust worth $131,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of ILPT. First Trust Advisors LP bought a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter worth about $39,000. Caprock Group LLC bought a new stake in Industrial Logistics Properties Trust during the fourth quarter worth approximately $56,000. Silver Oak Securities Incorporated bought a new stake in Industrial Logistics Properties Trust during the fourth quarter worth approximately $65,000. Resona Asset Management Co. Ltd. bought a new stake in Industrial Logistics Properties Trust during the fourth quarter worth approximately $80,000. Finally, Price T Rowe Associates Inc. MD increased its stake in Industrial Logistics Properties Trust by 15.3% during the fourth 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 during the last quarter. 49.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, B. Riley initiated coverage on Industrial Logistics Properties Trust in a research note on Friday, May 9th. They set a "buy" rating and a $5.00 price objective on the stock.
View Our Latest Analysis on Industrial Logistics Properties Trust
Insider Activity
In other Industrial Logistics Properties Trust news, Director Joseph Morea bought 20,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were purchased at an average price of $3.31 per share, with a total value of $66,200.00. Following the completion of the purchase, the director now owns 112,191 shares in the company, valued at $371,352.21. This represents a 21.69% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company's stock.
Industrial Logistics Properties Trust Trading Up 1.4%
NASDAQ ILPT traded up $0.05 during trading hours on Wednesday, hitting $3.56. 356,054 shares of the company were exchanged, compared to its average volume of 433,717. The stock has a 50-day moving average price of $3.01 and a 200 day moving average price of $3.45. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $5.45. The stock has a market cap of $235.47 million, a PE ratio of -2.44 and a beta of 2.22.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. The firm had revenue of $111.91 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.
Industrial Logistics Properties Trust Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.12%. Industrial Logistics Properties Trust's dividend payout ratio is -2.80%.
About Industrial Logistics Properties Trust
(
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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