Barclays PLC Purchases 71,590 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Barclays PLC lifted its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 41.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 246,315 shares of the company’s stock after acquiring an additional 71,590 shares during the quarter. Barclays PLC owned approximately 0.37% of Industrial Logistics Properties Trust worth $1,172,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ILPT. Intech Investment Management LLC purchased a new position in Industrial Logistics Properties Trust in the 3rd quarter valued at approximately $71,000. BNP Paribas Financial Markets grew its position in shares of Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after purchasing an additional 6,785 shares in the last quarter. Mackenzie Financial Corp bought a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at $85,000. The Manufacturers Life Insurance Company purchased a new stake in Industrial Logistics Properties Trust during the 2nd quarter worth about $98,000. Finally, FMR LLC boosted its stake in Industrial Logistics Properties Trust by 16.9% in the 3rd quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after purchasing an additional 3,632 shares during the period. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT opened at $3.60 on Monday. Industrial Logistics Properties Trust has a twelve month low of $3.15 and a twelve month high of $5.45. The stock has a market cap of $238.10 million, a PE ratio of -2.29 and a beta of 1.83. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. The business’s 50-day moving average price is $3.68 and its 200-day moving average price is $4.22.

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 issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

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.