HTLF Bank increased its position in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 11.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,280,150 shares of the company's stock after buying an additional 131,587 shares during the period. HTLF Bank owned about 1.94% of Industrial Logistics Properties Trust worth $4,673,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of ILPT. The Manufacturers Life Insurance Company acquired a new position in Industrial Logistics Properties Trust during the second quarter worth approximately $98,000. SG Americas Securities LLC raised its position in shares of Industrial Logistics Properties Trust by 246.5% in the 3rd quarter. SG Americas Securities LLC now owns 40,921 shares of the company's stock worth $195,000 after buying an additional 29,110 shares during the period. Macroview Investment Management LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter worth $527,000. GSA Capital Partners LLP boosted its holdings in Industrial Logistics Properties Trust by 17.2% in the third quarter. GSA Capital Partners LLP now owns 362,592 shares of the company's stock valued at $1,726,000 after acquiring an additional 53,283 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Industrial Logistics Properties Trust by 10.9% during the third quarter. Thrivent Financial for Lutherans now owns 471,092 shares of the company's stock worth $2,242,000 after acquiring an additional 46,214 shares during the last quarter. Institutional investors and hedge funds own 49.08% of the company's stock.
Industrial Logistics Properties Trust Trading Down 1.5 %
Shares of NASDAQ ILPT traded down $0.06 during midday trading on Wednesday, hitting $3.98. The stock had a trading volume of 147,862 shares, compared to its average volume of 267,799. 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 1-year low of $3.15 and a 1-year high of $5.45. The company has a market capitalization of $263.24 million, a price-to-earnings ratio of -2.54 and a beta of 1.84. The company has a fifty day moving average price of $3.67 and a 200 day moving average price of $4.16.
Industrial Logistics Properties Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.01%. Industrial Logistics Properties Trust's dividend payout ratio is currently -2.55%.
About Industrial Logistics Properties Trust
(
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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