Nantahala Capital Management LLC Has $8.62 Million Position in Industrial Logistics Properties Trust $ILPT

Key Points

• Nantahala Capital Management LLC increased its stake in Industrial Logistics Properties Trust by 18.9%, owning approximately 2.5 million shares valued at $8.6 million as of its recent SEC filing.
• Industrial Logistics Properties Trust announced a quarterly dividend increase from $0.01 to $0.05 per share, resulting in an annualized dividend of $0.20, representing a yield of 3.2%.
• Analyst ratings for the company are mixed, with Zacks Research downgrading it from "strong-buy" to "strong sell," while B. Riley set a "buy" rating with a target price of $5.00.

Nantahala Capital Management LLC raised its position in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 18.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,506,244 shares of the company's stock after purchasing an additional 398,351 shares during the quarter. Nantahala Capital Management LLC owned 3.79% of Industrial Logistics Properties Trust worth $8,621,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wells Fargo & Company MN grew its holdings in shares of Industrial Logistics Properties Trust by 27.6% during the fourth quarter. Wells Fargo & Company MN now owns 38,530 shares of the company's stock worth $141,000 after buying an additional 8,329 shares in the last quarter. Barclays PLC boosted its position in Industrial Logistics Properties Trust by 10.6% during the 4th quarter. Barclays PLC now owns 272,309 shares of the company's stock worth $995,000 after acquiring an additional 25,994 shares during the last quarter. Mariner LLC grew its stake in shares of Industrial Logistics Properties Trust by 131.7% during the 4th quarter. Mariner LLC now owns 27,811 shares of the company's stock worth $102,000 after acquiring an additional 15,807 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth approximately $39,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Industrial Logistics Properties Trust by 15.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,124 shares of the company's stock valued at $89,000 after purchasing an additional 3,199 shares during the last quarter. 49.08% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Industrial Logistics Properties Trust

In other news, Director Kevin C. Phelan acquired 5,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were bought at an average cost of $5.43 per share, for a total transaction of $27,150.00. Following the purchase, the director directly owned 15,500 shares of the company's stock, valued at approximately $84,165. This trade represents a 47.62% 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 Stock Down 0.3%

Shares of NASDAQ ILPT traded down $0.02 during trading hours on Friday, hitting $6.14. The company had a trading volume of 360,812 shares, compared to its average volume of 462,565. Industrial Logistics Properties Trust has a 1-year low of $2.45 and a 1-year high of $6.32. The company has a quick ratio of 4.13, a current ratio of 4.13 and a debt-to-equity ratio of 4.43. The firm's 50 day moving average is $5.57 and its 200-day moving average is $4.15. The stock has a market capitalization of $407.33 million, a P/E ratio of -4.39 and a beta of 2.39.

Industrial Logistics Properties Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Stockholders of record on Monday, July 21st were given a $0.05 dividend. This is a boost from Industrial Logistics Properties Trust's previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Monday, July 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.3%. Industrial Logistics Properties Trust's payout ratio is -14.29%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on ILPT. Zacks Research cut shares of Industrial Logistics Properties Trust from a "strong-buy" rating to a "strong sell" rating in a report on Monday, August 18th. B. Riley began coverage on shares of Industrial Logistics Properties Trust in a research report on Friday, May 9th. They set a "buy" rating and a $5.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $5.00.

Industrial Logistics Properties Trust Company Profile

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.