SG Americas Securities LLC Trims Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

SG Americas Securities LLC trimmed its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 8.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 37,378 shares of the company’s stock after selling 3,543 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Industrial Logistics Properties Trust worth $136,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ILPT. FMR LLC lifted its stake in Industrial Logistics Properties Trust by 16.9% in the third quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after acquiring an additional 3,632 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter valued at approximately $784,000. Franklin Resources Inc. acquired a new position in shares of Industrial Logistics Properties Trust during the third quarter worth about $501,000. Geode Capital Management LLC boosted its position in shares of 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 worth $7,303,000 after purchasing an additional 43,068 shares in the last quarter. Finally, Barclays PLC grew its position in Industrial Logistics Properties Trust by 41.0% during the third quarter. Barclays PLC now owns 246,315 shares of the company’s stock worth $1,172,000 after buying an additional 71,590 shares during the period. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Performance

NASDAQ:ILPT opened at $3.91 on Tuesday. The company has a market capitalization of $258.62 million, a P/E ratio of -2.49 and a beta of 1.84. The firm has a 50-day moving average price of $3.66 and a two-hundred day moving average price of $4.17. Industrial Logistics Properties Trust has a twelve month low of $3.15 and a twelve month high of $5.45. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.02%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -2.55%.

About Industrial Logistics Properties Trust

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.