Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 3.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,079,306 shares of the company's stock after selling 243,796 shares during the quarter. Vanguard Group Inc. owned approximately 9.23% of Industrial Logistics Properties Trust worth $17,569,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in Industrial Logistics Properties Trust by 18.9% during the 1st quarter. JPMorgan Chase & Co. now owns 468,345 shares of the company's stock valued at $10,618,000 after buying an additional 74,474 shares in the last quarter. MetLife Investment Management LLC raised its position in shares of Industrial Logistics Properties Trust by 55.4% in the 1st quarter. MetLife Investment Management LLC now owns 36,169 shares of the company's stock worth $820,000 after purchasing an additional 12,895 shares during the last quarter. Rhumbline Advisers boosted its stake in Industrial Logistics Properties Trust by 0.5% in the 1st quarter. Rhumbline Advisers now owns 197,571 shares of the company's stock worth $4,479,000 after purchasing an additional 903 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Industrial Logistics Properties Trust by 14.1% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 56,385 shares of the company's stock valued at $1,278,000 after purchasing an additional 6,952 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its holdings in Industrial Logistics Properties Trust by 1.4% in the first quarter. Great West Life Assurance Co. Can now owns 110,513 shares of the company's stock worth $2,584,000 after buying an additional 1,498 shares during the last quarter. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Stock Down 1.3 %

Shares of ILPT traded down $0.05 on Monday, hitting $3.88. 361,850 shares of the stock traded hands, compared to its average volume of 364,344. The company has a market capitalization of $255.47 million, a PE ratio of -2.34 and a beta of 1.73. Industrial Logistics Properties Trust has a one year low of $1.64 and a one year high of $4.88. The company has a debt-to-equity ratio of 3.71, a quick ratio of 5.04 and a current ratio of 5.04. The business has a 50 day simple moving average of $3.96 and a 200 day simple moving average of $3.69.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.03%. The ex-dividend date of this dividend is Friday, April 19th. Industrial Logistics Properties Trust's dividend payout ratio is currently -2.41%.

Industrial Logistics Properties Trust Company Profile

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.