Charles Schwab Investment Management Inc. decreased its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 23.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,411,907 shares of the company's stock after selling 437,606 shares during the period. Charles Schwab Investment Management Inc. owned about 2.13% of Industrial Logistics Properties Trust worth $6,721,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also added to or reduced their stakes in ILPT. Intech Investment Management LLC acquired a new position in Industrial Logistics Properties Trust during the third quarter worth about $71,000. Cetera Advisors LLC increased its position in 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 purchasing an additional 7,413 shares in the last quarter. Mackenzie Financial Corp bought a new position in Industrial Logistics Properties Trust in the 2nd quarter valued at approximately $85,000. The Manufacturers Life Insurance Company acquired a new stake in Industrial Logistics Properties Trust in the second quarter valued at approximately $98,000. Finally, Bailard Inc. bought a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth $123,000. 49.08% of the stock is owned by institutional investors.
Industrial Logistics Properties Trust Stock Performance
Shares of ILPT remained flat at $3.62 during trading hours on Thursday. The stock had a trading volume of 240,371 shares, compared to its average volume of 472,196. The company has a market cap of $239.43 million, a PE ratio of -2.31 and a beta of 1.83. Industrial Logistics Properties Trust has a one year low of $3.15 and a one year high of $5.45. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. The stock has a 50 day moving average price of $3.91 and a 200-day moving average price of $4.25.
Industrial Logistics Properties Trust Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.10%. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is presently -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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