Susquehanna Portfolio Strategies LLC Sells 174,918 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Susquehanna Portfolio Strategies LLC reduced its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 91.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,612 shares of the company’s stock after selling 174,918 shares during the period. Susquehanna Portfolio Strategies LLC’s holdings in Industrial Logistics Properties Trust were worth $61,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of Industrial Logistics Properties Trust by 36.7% during the fourth quarter. Principal Financial Group Inc. now owns 89,737 shares of the company’s stock worth $422,000 after buying an additional 24,070 shares in the last quarter. CastleKnight Management LP increased its position in Industrial Logistics Properties Trust by 36.6% during the 4th quarter. CastleKnight Management LP now owns 844,879 shares of the company’s stock valued at $3,971,000 after purchasing an additional 226,500 shares during the period. Quadrature Capital Ltd acquired a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter worth $86,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Industrial Logistics Properties Trust in the 1st quarter worth about $58,000. Finally, Fifth Lane Capital LP acquired a new position in Industrial Logistics Properties Trust in the first quarter valued at approximately $49,000. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on ILPT. JMP Securities restated a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd. B. Riley raised 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.

Industrial Logistics Properties Trust Price Performance

NASDAQ ILPT opened at $4.78 on Monday. The company has a market cap of $314.68 million, a PE ratio of -2.91 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. The firm’s 50-day simple moving average is $4.91 and its two-hundred day simple moving average is $4.26. Industrial Logistics Properties Trust has a 52 week low of $2.21 and a 52 week high of $5.45.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.84%. Industrial Logistics Properties Trust’s payout ratio is -2.44%.

Industrial Logistics Properties Trust 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.