Russell Investments Group Ltd. reduced its position in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 97.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 11,480 shares of the company's stock after selling 453,204 shares during the period. Russell Investments Group Ltd.'s holdings in Industrial Logistics Properties Trust were worth $42,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in 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 purchasing an additional 8,329 shares during the last quarter. Resona Asset Management Co. Ltd. acquired a new stake in Industrial Logistics Properties Trust during the 4th quarter worth approximately $80,000. JPMorgan Chase & Co. increased its holdings in shares of Industrial Logistics Properties Trust by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 228,653 shares of the company's stock valued at $835,000 after purchasing an additional 2,715 shares during the period. Intech Investment Management LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 94.4% during the fourth quarter. Intech Investment Management LLC now owns 28,892 shares of the company's stock worth $105,000 after purchasing an additional 14,032 shares during the period. Finally, Thrivent Financial for Lutherans increased its stake in 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 buying an additional 132,158 shares during the period. 49.08% of the stock is owned by institutional investors and hedge funds.
Industrial Logistics Properties Trust Stock Performance
Shares of NASDAQ:ILPT traded up $0.31 during midday trading on Friday, hitting $3.07. The stock had a trading volume of 327,907 shares, compared to its average volume of 455,296. The company has a market capitalization of $202.73 million, a PE ratio of -2.11 and a beta of 1.99. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $5.45. The stock has a 50 day moving average price of $3.22 and a two-hundred day moving average price of $3.57. The company has a current ratio of 4.84, a quick ratio of 4.53 and a debt-to-equity ratio of 4.26.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share (EPS) for the quarter. The company 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.31%. Industrial Logistics Properties Trust's payout ratio is currently -2.74%.
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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