BNP Paribas Financial Markets Buys 6,785 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

BNP Paribas Financial Markets boosted its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 62.8% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,597 shares of the company’s stock after buying an additional 6,785 shares during the period. BNP Paribas Financial Markets’ holdings in Industrial Logistics Properties Trust were worth $84,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FMR LLC grew 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 valued at $119,000 after acquiring an additional 3,632 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Industrial Logistics Properties Trust by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock worth $3,091,000 after purchasing an additional 9,382 shares in the last quarter. DigitalBridge Group Inc. grew its position in Industrial Logistics Properties Trust by 2.8% in the 2nd quarter. DigitalBridge Group Inc. now owns 396,243 shares of the company’s stock valued at $1,458,000 after purchasing an additional 10,744 shares during the period. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust during the 3rd quarter valued at $71,000. Finally, Mackenzie Financial Corp acquired a new position in Industrial Logistics Properties Trust during the second quarter worth $85,000. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Down 7.1 %

Industrial Logistics Properties Trust stock opened at $3.40 on Thursday. The firm has a market capitalization of $224.89 million, a price-to-earnings ratio of -2.17 and a beta of 1.83. The firm’s fifty day moving average price is $3.84 and its two-hundred day moving average price is $4.25. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.18%. 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.