Charles Schwab Investment Management Inc. trimmed its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 31.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 963,270 shares of the company's stock after selling 448,637 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.46% of Industrial Logistics Properties Trust worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of the company. EMC Capital Management increased its stake in shares of 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 buying an additional 5,255 shares in the last quarter. Caprock Group LLC acquired a new stake in Industrial Logistics Properties Trust in the 4th quarter valued at about $56,000. Silver Oak Securities Incorporated bought a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth about $65,000. Intech Investment Management LLC acquired a new position in shares of Industrial Logistics Properties Trust during the third quarter worth approximately $71,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Industrial Logistics Properties Trust by 62.8% during the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company's stock valued at $84,000 after purchasing an additional 6,785 shares during the last quarter. Institutional investors and hedge funds own 49.08% of the company's stock.
Industrial Logistics Properties Trust Price Performance
Shares of Industrial Logistics Properties Trust stock traded down $0.05 during midday trading on Monday, reaching $3.44. The company had a trading volume of 288,620 shares, compared to its average volume of 450,350. The stock has a fifty day simple moving average of $3.78 and a 200 day simple moving average of $3.89. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year high of $5.45. 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 has a market capitalization of $227.54 million, a price-to-earnings ratio of -2.36 and a beta of 1.88.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its earnings results on Tuesday, February 18th. The company reported $0.13 earnings per share for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%. The company had revenue of $110.52 million during the quarter.
Industrial Logistics Properties Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were given a dividend of $0.01 per share. The ex-dividend date was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.16%. Industrial Logistics Properties Trust's payout ratio is presently -2.74%.
Industrial Logistics Properties Trust 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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