Verition Fund Management LLC Sells 14,200 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Verition Fund Management LLC decreased its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 27.6% in the 3rd quarter, Holdings Channel reports. The fund owned 37,247 shares of the company’s stock after selling 14,200 shares during the quarter. Verition Fund Management LLC’s holdings in Industrial Logistics Properties Trust were worth $177,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Intech Investment Management LLC acquired a new position in shares of Industrial Logistics Properties Trust during the third quarter worth about $71,000. BNP Paribas Financial Markets lifted its position in Industrial Logistics Properties Trust by 62.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after buying an additional 6,785 shares in the last quarter. Cetera Advisors LLC boosted its stake in shares of 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 buying an additional 7,413 shares during the last quarter. Mackenzie Financial Corp bought a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at about $85,000. Finally, FMR LLC grew its holdings in shares of Industrial Logistics Properties Trust by 16.9% in the 3rd quarter. FMR LLC now owns 25,067 shares of the company’s stock valued at $119,000 after acquiring an additional 3,632 shares in the last quarter. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ ILPT opened at $3.60 on Tuesday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. The stock has a 50 day moving average price of $3.85 and a 200 day moving average price of $4.25. The stock has a market capitalization of $238.12 million, a PE ratio of -2.29 and a beta of 1.83. Industrial Logistics Properties Trust has a 52 week low of $3.15 and a 52 week high of $5.45.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -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.