Fmr LLC Acquires 3,632 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Fmr LLC grew its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 16.9% during the 3rd quarter, HoldingsChannel reports. The fund owned 25,067 shares of the company’s stock after purchasing an additional 3,632 shares during the quarter. Fmr LLC’s holdings in Industrial Logistics Properties Trust were worth $119,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ILPT. Intech Investment Management LLC purchased a new stake in Industrial Logistics Properties Trust in the third quarter worth approximately $71,000. Mackenzie Financial Corp bought a new position in Industrial Logistics Properties Trust in the 2nd quarter worth $85,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth about $98,000. Bailard Inc. purchased a new position in Industrial Logistics Properties Trust during the second quarter valued at $123,000. Finally, SG Americas Securities LLC lifted its position in shares of Industrial Logistics Properties Trust by 246.5% in the third quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock worth $195,000 after buying an additional 29,110 shares in the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

ILPT stock opened at $3.25 on Monday. Industrial Logistics Properties Trust has a fifty-two week low of $3.15 and a fifty-two week high of $5.45. The firm has a market cap of $214.97 million, a PE ratio of -2.07 and a beta of 1.83. The firm has a fifty day moving average price of $3.77 and a 200 day moving average price of $4.24. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.23%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is -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.