Marshall Wace LLP cut its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 54.5% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 98,025 shares of the company's stock after selling 117,470 shares during the period. Marshall Wace LLP owned approximately 0.15% of Industrial Logistics Properties Trust worth $358,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently modified their holdings of the business. HTLF Bank raised its position in Industrial Logistics Properties Trust by 11.5% during the fourth quarter. HTLF Bank now owns 1,280,150 shares of the company's stock worth $4,673,000 after acquiring an additional 131,587 shares during the period. Thrivent Financial for Lutherans lifted 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 in the last quarter. Renaissance Technologies LLC boosted its holdings in Industrial Logistics Properties Trust by 2.6% in the 4th quarter. Renaissance Technologies LLC now owns 441,100 shares of the company's stock worth $1,610,000 after buying an additional 11,100 shares during the last quarter. Barclays PLC increased its stake in Industrial Logistics Properties Trust by 10.6% during the 4th quarter. Barclays PLC now owns 272,309 shares of the company's stock worth $995,000 after buying an additional 25,994 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position 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 acquiring an additional 2,715 shares in the last quarter. Hedge funds and other institutional investors own 49.08% of the company's stock.
Industrial Logistics Properties Trust Price Performance
Shares of NASDAQ:ILPT traded up $0.06 during midday trading on Friday, hitting $3.15. The company's stock had a trading volume of 178,197 shares, compared to its average volume of 454,376. The company has a market cap of $208.35 million, a P/E ratio of -2.16 and a beta of 2.14. Industrial Logistics Properties Trust has a 12-month low of $2.45 and a 12-month high of $5.45. The business's 50 day simple moving average is $3.12 and its 200 day simple moving average is $3.51. The company has a debt-to-equity ratio of 4.26, a quick ratio of 4.53 and a current ratio of 4.84.
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 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 business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. Industrial Logistics Properties Trust's payout ratio is currently -2.80%.
Analysts Set New Price Targets
Separately, B. Riley began coverage on Industrial Logistics Properties Trust in a research note on Friday. They issued a "buy" rating and a $5.00 price objective for the company.
Check Out Our Latest Research Report on ILPT
Industrial Logistics Properties Trust Company Profile
(
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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