State Street Corp increased its position in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 21.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 997,661 shares of the company's stock after purchasing an additional 173,230 shares during the quarter. State Street Corp owned approximately 1.51% of Industrial Logistics Properties Trust worth $4,749,000 as of its most recent SEC filing.
Several other hedge funds have also bought and sold shares of the company. FMR LLC increased its position in Industrial Logistics Properties Trust by 16.9% during the third quarter. FMR LLC now owns 25,067 shares of the company's stock worth $119,000 after buying an additional 3,632 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter worth approximately $741,000. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $71,000. The Manufacturers Life Insurance Company acquired a new stake in Industrial Logistics Properties Trust during the 2nd quarter valued at $98,000. Finally, Thrivent Financial for Lutherans boosted its position 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 purchasing an additional 46,214 shares during the period. 49.08% of the stock is currently owned by institutional investors and hedge funds.
Industrial Logistics Properties Trust Stock Performance
Shares of NASDAQ:ILPT traded down $0.02 on Monday, hitting $3.58. The company had a trading volume of 247,335 shares, compared to its average volume of 473,536. The stock has a 50 day moving average price of $3.67 and a 200 day moving average price 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 stock has a market cap of $236.78 million, a price-to-earnings ratio of -2.28 and a beta of 1.83. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year high of $5.45.
Industrial Logistics Properties Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid 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 1.12%. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is currently -2.55%.
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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