Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 375.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 225,938 shares of the company’s stock after buying an additional 178,381 shares during the quarter. JPMorgan Chase & Co. owned 0.34% of Industrial Logistics Properties Trust worth $1,075,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in ILPT. Renaissance Technologies LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 162.9% during the 2nd quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock valued at $1,672,000 after acquiring an additional 281,500 shares in the last quarter. State Street Corp lifted its stake in shares of Industrial Logistics Properties Trust by 21.0% during the third quarter. State Street Corp now owns 997,661 shares of the company’s stock worth $4,749,000 after purchasing an additional 173,230 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the third quarter worth about $784,000. Deerfield Management Company L.P. Series C acquired a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at about $542,000. Finally, Franklin Resources Inc. purchased a new stake in shares of Industrial Logistics Properties Trust during the 3rd quarter valued at about $501,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Up 4.3 %

NASDAQ ILPT opened at $3.88 on Friday. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a fifty-two week low of $3.15 and a fifty-two week high of $5.45. The business has a 50 day moving average price of $3.62 and a two-hundred day moving average price of $4.22. The stock has a market cap of $256.62 million, a PE ratio of -2.47 and a beta of 1.83.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.38) earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.50). Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%. The firm had revenue of $108.95 million for the quarter, compared to analyst estimates of $110.19 million. During the same period in the previous year, the business posted $0.12 earnings per share.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) 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.