Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 375.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 225,938 shares of the company's stock after purchasing an additional 178,381 shares during the period. JPMorgan Chase & Co. owned 0.34% of Industrial Logistics Properties Trust worth $1,075,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ILPT. Franklin Resources Inc. purchased a new position in Industrial Logistics Properties Trust during the 3rd quarter worth $501,000. Barclays PLC raised its position in Industrial Logistics Properties Trust by 41.0% during the 3rd quarter. Barclays PLC now owns 246,315 shares of the company's stock worth $1,172,000 after buying an additional 71,590 shares during the last quarter. Geode Capital Management LLC raised its position in Industrial Logistics Properties Trust by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,533,950 shares of the company's stock worth $7,303,000 after buying an additional 43,068 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter valued at about $784,000. Finally, State Street Corp increased its holdings in shares of Industrial Logistics Properties Trust by 21.0% in the 3rd quarter. State Street Corp now owns 997,661 shares of the company's stock valued at $4,749,000 after purchasing an additional 173,230 shares in the last quarter. Institutional investors and hedge funds own 49.08% of the company's stock.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT traded up $0.16 during trading hours on Friday, reaching $3.88. The company had a trading volume of 274,886 shares, compared to its average volume of 251,674. The firm has a 50 day simple moving average of $3.62 and a 200-day simple moving average of $4.22. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. The company has a market capitalization of $256.64 million, a price-to-earnings ratio of -2.47 and a beta of 1.83. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.12 by ($0.50). The company had revenue of $108.95 million during the quarter, compared to analysts' expectations of $110.19 million. Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%. During the same quarter in the prior year, the business earned $0.12 EPS.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared 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 dividend yield of 1.03%. Industrial Logistics Properties Trust's dividend payout ratio is currently -2.55%.

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.