Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Bought by GSA Capital Partners LLP

GSA Capital Partners LLP raised its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 17.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 362,592 shares of the company’s stock after acquiring an additional 53,283 shares during the period. GSA Capital Partners LLP’s holdings in Industrial Logistics Properties Trust were worth $1,726,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Industrial Logistics Properties Trust in the 2nd quarter valued at $741,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth $98,000. Cetera Advisors LLC increased its holdings in shares of Industrial Logistics Properties Trust by 68.0% during the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after buying an additional 7,413 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth $542,000. Finally, Renaissance Technologies LLC increased its holdings in shares of Industrial Logistics Properties Trust by 162.9% during the 2nd quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock worth $1,672,000 after buying an additional 281,500 shares during the last quarter. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Trading Down 2.7 %

ILPT stock opened at $3.58 on Wednesday. The business has a fifty day simple moving average of $4.41 and a 200-day simple moving average of $4.30. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a 52 week low of $2.61 and a 52 week high of $5.45. The company has a market cap of $236.78 million, a price-to-earnings ratio of -2.28 and a beta of 1.82.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.12%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.55%.

Analyst Upgrades and Downgrades

Separately, B. Riley upped their price objective on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, August 5th.

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.