LSV Asset Management Sells 52,055 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

LSV Asset Management reduced its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 3.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,593,475 shares of the company’s stock after selling 52,055 shares during the quarter. LSV Asset Management owned approximately 2.42% of Industrial Logistics Properties Trust worth $5,864,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. CastleKnight Management LP boosted its position in Industrial Logistics Properties Trust by 36.6% during the fourth quarter. CastleKnight Management LP now owns 844,879 shares of the company’s stock worth $3,971,000 after purchasing an additional 226,500 shares during the period. Quadrature Capital Ltd acquired a new position in Industrial Logistics Properties Trust in the 4th quarter valued at about $86,000. Cetera Advisors LLC grew its stake in Industrial Logistics Properties Trust by 68.0% in the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after buying an additional 7,413 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Industrial Logistics Properties Trust by 28.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,652 shares of the company’s stock valued at $175,000 after acquiring an additional 8,262 shares during the period. Finally, Jump Financial LLC lifted its position in Industrial Logistics Properties Trust by 103.8% during the fourth quarter. Jump Financial LLC now owns 131,724 shares of the company’s stock worth $619,000 after acquiring an additional 67,093 shares during the last quarter. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Price Performance

Shares of Industrial Logistics Properties Trust stock opened at $4.84 on Thursday. The company has a 50-day simple moving average of $4.66 and a two-hundred day simple moving average of $4.15. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.45. The stock has a market capitalization of $319.34 million, a price-to-earnings ratio of -2.95 and a beta of 1.80. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 3.96.

Industrial Logistics Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.83%. The ex-dividend date was Monday, July 22nd. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -2.44%.

Wall Street Analyst Weigh In

ILPT has been the topic of several research reports. B. Riley upped their target price on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, August 5th. JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd.

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.