Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) Director Joseph Morea purchased 20,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was purchased at an average price of $3.31 per share, with a total value of $66,200.00. Following the purchase, the director now owns 112,191 shares of the company's stock, valued at approximately $371,352.21. The trade was a 21.69% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Industrial Logistics Properties Trust Stock Performance
ILPT traded up $0.04 during trading on Friday, hitting $3.29. The stock had a trading volume of 129,035 shares, compared to its average volume of 434,392. 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 50 day moving average price of $3.00 and a 200-day moving average price of $3.46. Industrial Logistics Properties Trust has a one year low of $2.45 and a one year high of $5.45. The firm has a market cap of $217.61 million, a price-to-earnings ratio of -2.25 and a beta of 2.14.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%. The company had revenue of $111.91 million for the quarter.
Industrial Logistics Properties Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.22%. Industrial Logistics Properties Trust's dividend payout ratio is currently -2.80%.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the company. Nantahala Capital Management LLC grew its holdings in Industrial Logistics Properties Trust by 86.4% during the 4th 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 during the last quarter. Russell Investments Group Ltd. boosted its holdings in Industrial Logistics Properties Trust by 7,332.3% in the first quarter. Russell Investments Group Ltd. now owns 853,230 shares of the company's stock valued at $2,935,000 after acquiring an additional 841,750 shares during the last quarter. Union Square Park Capital Management LLC increased its position in shares of Industrial Logistics Properties Trust by 40.1% during the fourth quarter. Union Square Park Capital Management LLC now owns 1,200,000 shares of the company's stock worth $4,380,000 after buying an additional 343,749 shares during the period. CastleKnight Management LP raised its position 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 worth $6,636,000 after acquiring an additional 338,435 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Industrial Logistics Properties Trust in the fourth quarter worth approximately $560,000. 49.08% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Separately, B. Riley assumed coverage on shares of Industrial Logistics Properties Trust in a report on Friday, May 9th. They issued a "buy" rating and a $5.00 price target on the stock.
Read Our Latest Stock Report on Industrial Logistics Properties Trust
About Industrial Logistics Properties Trust
(
Get 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.
Read More
Before you consider Industrial Logistics Properties Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Industrial Logistics Properties Trust wasn't on the list.
While Industrial Logistics Properties Trust currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
