Insider Buying: Industrial Logistics Properties Trust (NASDAQ:ILPT) Director Purchases 5,000 Shares of Stock

Key Points

• Director Kevin C. Phelan of Industrial Logistics Properties Trust acquired 5,000 shares of the company's stock at an average price of $5.43 per share, raising his total holdings by 47.62%.
• The company plans to pay a quarterly dividend of $0.05 per share on August 14th, indicating an annualized yield of 3.7% and an increase from the previous quarterly dividend.
• Industrial Logistics Properties Trust reported $0.20 EPS for the last quarter, with a revenue of $111.91 million but faced negative metrics, showing a -20.73% net margin.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) Director Kevin C. Phelan acquired 5,000 shares of the firm's stock in a transaction that occurred on Thursday, July 31st. The shares were bought 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 owned 15,500 shares in the company, valued at $84,165. This trade represents a 47.62% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Industrial Logistics Properties Trust Stock Up 0.4%

ILPT stock traded up $0.03 on Tuesday, reaching $6.01. 210,521 shares of the company traded hands, compared to its average volume of 403,741. The firm has a fifty day simple moving average of $4.60 and a 200-day simple moving average of $3.82. The company has a debt-to-equity ratio of 4.43, a current ratio of 4.13 and a quick ratio of 4.13. Industrial Logistics Properties Trust has a one year low of $2.45 and a one year high of $6.07. The company has a market cap of $398.37 million, a P/E ratio of -4.29 and a beta of 2.33.

Industrial Logistics Properties Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 14th. Shareholders of record on Monday, July 21st will be paid a $0.05 dividend. This is a positive change from Industrial Logistics Properties Trust's previous quarterly dividend of $0.01. The ex-dividend date of this dividend is Monday, July 21st. This represents a $0.20 dividend on an annualized basis and a yield of 3.3%. Industrial Logistics Properties Trust's dividend payout ratio is -14.29%.

Analyst Upgrades and Downgrades

Separately, B. Riley began coverage on Industrial Logistics Properties Trust in a report on Friday, May 9th. They set a "buy" rating and a $5.00 target price for the company.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. XTX Topco Ltd acquired a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter worth approximately $89,000. ProShare Advisors LLC increased its holdings in shares of Industrial Logistics Properties Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,388 shares of the company's stock worth $67,000 after buying an additional 6,051 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Industrial Logistics Properties Trust by 27.7% during the 4th quarter. Bank of America Corp DE now owns 80,111 shares of the company's stock worth $292,000 after buying an additional 17,391 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter worth approximately $39,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Industrial Logistics Properties Trust by 27.6% during the 4th 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 during the last quarter. 49.08% of the stock is owned by hedge funds and other institutional investors.

About Industrial Logistics Properties Trust

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.