Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Shareholders of record on Monday, October 27th will be paid a dividend of 0.05 per share on Thursday, November 13th. This represents a c) dividend on an annualized basis and a yield of 3.7%.
Industrial Logistics Properties Trust has a payout ratio of -3.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Industrial Logistics Properties Trust Stock Performance
NASDAQ:ILPT opened at $5.44 on Thursday. The company has a market cap of $360.56 million, a P/E ratio of -3.90 and a beta of 2.43. Industrial Logistics Properties Trust has a twelve month low of $2.45 and a twelve month high of $6.57. The company's 50-day moving average price is $5.94 and its 200-day moving average price is $4.52. The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 4.43.
Insider Buying and Selling
In other Industrial Logistics Properties Trust news, Director Kevin C. Phelan purchased 5,000 shares of the company's stock in a transaction on Thursday, July 31st. The stock was acquired at an average price of $5.43 per share, for a total transaction of $27,150.00. Following the completion of the purchase, the director directly owned 15,500 shares in the company, valued at approximately $84,165. The trade was a 47.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Industrial Logistics Properties Trust
A number of hedge funds have recently bought and sold shares of ILPT. Russell Investments Group Ltd. raised its holdings in shares of Industrial Logistics Properties Trust by 7,332.3% in the 1st quarter. Russell Investments Group Ltd. now owns 853,230 shares of the company's stock valued at $2,935,000 after purchasing an additional 841,750 shares in the last quarter. Nantahala Capital Management LLC boosted its holdings in shares of Industrial Logistics Properties Trust by 27.9% in the 2nd quarter. Nantahala Capital Management LLC now owns 3,206,219 shares of the company's stock valued at $14,588,000 after buying an additional 699,975 shares in the last quarter. Nuveen LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at $462,000. Jane Street Group LLC grew its position in shares of Industrial Logistics Properties Trust by 366.4% in the 2nd quarter. Jane Street Group LLC now owns 166,310 shares of the company's stock valued at $757,000 after buying an additional 130,651 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new stake in Industrial Logistics Properties Trust during the 1st quarter worth $279,000. Institutional investors and hedge funds own 49.08% of the company's stock.
Industrial Logistics Properties Trust Company Profile
(
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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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