Caprock Group LLC Invests $56,000 in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Caprock Group LLC acquired a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the fourth quarter, Holdings Channel.com reports. The fund acquired 15,354 shares of the company’s stock, valued at approximately $56,000.

Other institutional investors have also modified their holdings of the company. EMC Capital Management boosted its position in Industrial Logistics Properties Trust by 65.2% in the 4th quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after buying an additional 5,255 shares during the period. Intech Investment Management LLC acquired a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at $71,000. BNP Paribas Financial Markets boosted its holdings in Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after purchasing an additional 6,785 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Industrial Logistics Properties Trust during the 2nd quarter worth $98,000. Finally, FMR LLC increased its position 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 purchasing an additional 3,632 shares during the last quarter. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.92 on Friday. 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 fifty day simple moving average of $3.65 and a 200-day simple moving average of $4.20. The stock has a market cap of $259.27 million, a P/E ratio of -2.50 and a beta of 1.84. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The business 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 $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.02%. 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.