Caprock Group LLC Purchases New Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Caprock Group LLC purchased a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,354 shares of the company’s stock, valued at approximately $56,000.

A number of other hedge funds also recently bought and sold shares of ILPT. FMR LLC raised its stake in shares of Industrial Logistics Properties Trust by 16.9% during the 3rd quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after buying an additional 3,632 shares during the period. Jane Street Group LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the third quarter worth $784,000. Franklin Resources Inc. acquired a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at about $501,000. Barclays PLC lifted its stake in shares of Industrial Logistics Properties Trust by 41.0% in the third quarter. Barclays PLC now owns 246,315 shares of the company’s stock worth $1,172,000 after buying an additional 71,590 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Industrial Logistics Properties Trust by 2.9% during the third quarter. Geode Capital Management LLC now owns 1,533,950 shares of the company’s stock worth $7,303,000 after acquiring an additional 43,068 shares during the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT opened at $3.92 on Friday. The stock has a 50 day moving average price of $3.65 and a 200 day moving average price of $4.20. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. The stock has a market cap of $259.27 million, a PE ratio of -2.50 and a beta of 1.84. Industrial Logistics Properties Trust has a one year low of $3.15 and a one year high of $5.45.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.02%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -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.