Intech Investment Management LLC Takes Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Intech Investment Management LLC acquired a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 14,860 shares of the company’s stock, valued at approximately $71,000.

Several other large investors have also bought and sold shares of ILPT. Cetera Advisors LLC lifted its stake in shares of Industrial Logistics Properties Trust by 68.0% in the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after acquiring an additional 7,413 shares during the period. Bank of New York Mellon Corp bought a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter worth approximately $741,000. Bailard Inc. acquired a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth approximately $123,000. Rhumbline Advisers increased its stake in shares of Industrial Logistics Properties Trust by 499.3% in the 2nd quarter. Rhumbline Advisers now owns 101,945 shares of the company’s stock valued at $375,000 after acquiring an additional 84,933 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Industrial Logistics Properties Trust by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock valued at $3,091,000 after acquiring an additional 9,382 shares during the period. 49.08% of the stock is owned by institutional investors.

Industrial Logistics Properties Trust Stock Performance

NASDAQ:ILPT opened at $3.55 on Monday. Industrial Logistics Properties Trust has a 12 month low of $3.15 and a 12 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. The stock has a market capitalization of $234.81 million, a price-to-earnings ratio of -2.26 and a beta of 1.83. The firm has a fifty day simple moving average of $3.97 and a two-hundred day simple moving average of $4.26.

Industrial Logistics Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date of this dividend was Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is -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.