Nantahala Capital Management LLC Boosts Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Nantahala Capital Management LLC raised its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 86.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,107,893 shares of the company's stock after acquiring an additional 976,761 shares during the quarter. Nantahala Capital Management LLC owned approximately 3.19% of Industrial Logistics Properties Trust worth $7,694,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ILPT. First Trust Advisors LP bought a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter valued at $39,000. EMC Capital Management boosted its stake in Industrial Logistics Properties Trust by 65.2% during the fourth quarter. EMC Capital Management now owns 13,319 shares of the company's stock worth $49,000 after acquiring an additional 5,255 shares in the last quarter. Caprock Group LLC bought a new position in shares of Industrial Logistics Properties Trust during the fourth quarter valued at approximately $56,000. Silver Oak Securities Incorporated purchased a new position in shares of Industrial Logistics Properties Trust during the fourth quarter valued at approximately $65,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Industrial Logistics Properties Trust in the 4th quarter worth approximately $80,000. Institutional investors own 49.08% of the company's stock.

Industrial Logistics Properties Trust Stock Up 11.2 %

ILPT stock traded up $0.31 on Friday, reaching $3.07. 591,655 shares of the company traded hands, compared to its average volume of 455,874. 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 firm has a fifty day simple moving average of $3.21 and a 200-day simple moving average of $3.56. Industrial Logistics Properties Trust has a one year low of $2.45 and a one year high of $5.45. The company has a market cap of $203.06 million, a P/E ratio of -2.10 and a beta of 2.14.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. The company 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.30%. Industrial Logistics Properties Trust's dividend payout ratio is -2.80%.

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.