Intech Investment Management LLC Boosts Stock Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Intech Investment Management LLC raised its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 94.4% during the fourth quarter, Holdings Channel.com reports. The firm owned 28,892 shares of the company’s stock after purchasing an additional 14,032 shares during the quarter. Intech Investment Management LLC’s holdings in Industrial Logistics Properties Trust were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Industrial Logistics Properties Trust by 16.9% in the third quarter. FMR LLC now owns 25,067 shares of the company’s stock valued at $119,000 after buying an additional 3,632 shares in the last quarter. EMC Capital Management lifted its holdings in Industrial Logistics Properties Trust by 65.2% in the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after acquiring an additional 5,255 shares during the period. BNP Paribas Financial Markets boosted its position in shares of Industrial Logistics Properties Trust by 62.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after purchasing an additional 6,785 shares in the last quarter. MetLife Investment Management LLC grew its stake in shares of Industrial Logistics Properties Trust by 42.9% during the 3rd quarter. MetLife Investment Management LLC now owns 26,326 shares of the company’s stock worth $125,000 after purchasing an additional 7,901 shares during the period. Finally, Caprock Group LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

ILPT stock opened at $3.55 on Friday. The company has a current ratio of 4.84, a quick ratio of 4.53 and a debt-to-equity ratio of 4.26. The company’s 50-day moving average price is $3.78 and its 200 day moving average price is $3.92. Industrial Logistics Properties Trust has a 52 week low of $3.15 and a 52 week high of $5.45. The company has a market cap of $234.81 million, a P/E ratio of -2.43 and a beta of 1.88.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its quarterly earnings results on Tuesday, February 18th. The company reported $0.13 EPS for the quarter. The business had revenue of $110.52 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 company also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.74%.

Industrial Logistics Properties Trust 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.