Russell Investments Group Ltd. cut its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 97.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,480 shares of the company's stock after selling 453,204 shares during the quarter. Russell Investments Group Ltd.'s holdings in Industrial Logistics Properties Trust were worth $42,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. State Street Corp lifted its stake in Industrial Logistics Properties Trust by 21.0% during the third quarter. State Street Corp now owns 997,661 shares of the company's stock valued at $4,749,000 after buying an additional 173,230 shares in the last quarter. Jane Street Group LLC acquired a new position in Industrial Logistics Properties Trust in the 3rd quarter worth approximately $784,000. Barclays PLC grew 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 purchasing an additional 71,590 shares in the last quarter. Geode Capital Management LLC raised its stake 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 valued at $7,303,000 after purchasing an additional 43,068 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at $501,000. 49.08% of the stock is currently owned by institutional investors.
Industrial Logistics Properties Trust Stock Performance
Shares of ILPT stock opened at $2.64 on Monday. The company has a market capitalization of $174.61 million, a price-to-earnings ratio of -1.81 and a beta of 1.99. Industrial Logistics Properties Trust has a 1-year low of $2.45 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 stock's fifty day simple moving average is $3.32 and its 200-day simple moving average is $3.61.
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. The company had revenue of $110.52 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.
Industrial Logistics Properties Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.52%. The ex-dividend date of this dividend is Tuesday, April 22nd. Industrial Logistics Properties Trust's dividend payout ratio is currently -2.74%.
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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