Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 153,489 shares of the company's stock, valued at approximately $560,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.23% of Industrial Logistics Properties Trust as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of the business. Nantahala Capital Management LLC raised its position in Industrial Logistics Properties Trust by 86.4% in the fourth quarter. Nantahala Capital Management LLC now owns 2,107,893 shares of the company's stock worth $7,694,000 after acquiring an additional 976,761 shares in the last quarter. Union Square Park Capital Management LLC grew its stake in shares of Industrial Logistics Properties Trust by 40.1% during the 4th quarter. Union Square Park Capital Management LLC now owns 1,200,000 shares of the company's stock worth $4,380,000 after purchasing an additional 343,749 shares during the period. CastleKnight Management LP increased its holdings in shares of Industrial Logistics Properties Trust by 22.9% in the 4th quarter. CastleKnight Management LP now owns 1,818,213 shares of the company's stock valued at $6,636,000 after purchasing an additional 338,435 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Industrial Logistics Properties Trust by 28.1% in the 4th quarter. Thrivent Financial for Lutherans now owns 603,250 shares of the company's stock valued at $2,202,000 after purchasing an additional 132,158 shares in the last quarter. Finally, HTLF Bank lifted its stake in shares of 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 purchasing an additional 131,587 shares during the period. 49.08% of the stock is owned by institutional investors and hedge funds.
Industrial Logistics Properties Trust Price Performance
ILPT traded down $0.06 during trading on Thursday, reaching $3.25. 164,192 shares of the stock were exchanged, compared to its average volume of 435,929. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53. The company has a market capitalization of $214.96 million, a price-to-earnings ratio of -2.23 and a beta of 2.14. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $5.45. The business's 50 day moving average price is $3.01 and its two-hundred day moving average price is $3.46.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. The business 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 declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were given a $0.01 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.23%. Industrial Logistics Properties Trust's dividend payout ratio is presently -2.80%.
Analyst Upgrades and Downgrades
Separately, B. Riley began coverage on shares of Industrial Logistics Properties Trust in a report on Friday, May 9th. They issued a "buy" rating and a $5.00 target price for the company.
Check Out Our Latest Research Report on Industrial Logistics Properties Trust
Insider Transactions at Industrial Logistics Properties Trust
In other news, Director Joseph Morea bought 20,000 shares of Industrial Logistics Properties Trust stock in a transaction on Friday, May 30th. The shares were bought at an average cost of $3.31 per share, for a total transaction of $66,200.00. Following the acquisition, the director now owns 112,191 shares in the company, valued at approximately $371,352.21. This trade represents a 21.69% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 1.80% of the company's stock.
Industrial Logistics Properties Trust Profile
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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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