Marshall Wace LLP Lowers Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Marshall Wace LLP decreased its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 6.6% during the second quarter, according to its most recent filing with the SEC. The firm owned 467,568 shares of the company’s stock after selling 33,265 shares during the period. Marshall Wace LLP owned 0.71% of Industrial Logistics Properties Trust worth $1,721,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Fifth Lane Capital LP purchased a new position in Industrial Logistics Properties Trust during the first quarter valued at approximately $49,000. SG Americas Securities LLC bought a new position in shares of Industrial Logistics Properties Trust in the 1st quarter worth $59,000. Cetera Advisors LLC lifted its stake in shares of Industrial Logistics Properties Trust by 68.0% during the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after purchasing an additional 7,413 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in Industrial Logistics Properties Trust during the first quarter valued at about $83,000. Finally, Quadrature Capital Ltd purchased a new position in Industrial Logistics Properties Trust in the fourth quarter valued at about $86,000. Institutional investors own 49.08% of the company’s stock.

Wall Street Analysts Forecast Growth

ILPT has been the subject of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Industrial Logistics Properties Trust in a research report on Wednesday, July 3rd. B. Riley raised their target price on shares of Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Industrial Logistics Properties Trust Trading Up 0.4 %

Shares of NASDAQ:ILPT opened at $4.61 on Friday. The business’s 50-day moving average is $4.87 and its 200 day moving average is $4.28. The company has a debt-to-equity ratio of 3.96, a current ratio of 5.09 and a quick ratio of 5.09. Industrial Logistics Properties Trust has a 1 year low of $2.21 and a 1 year high of $5.45. The firm has a market capitalization of $303.49 million, a P/E ratio of -2.81 and a beta of 1.79.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend was Monday, July 22nd. Industrial Logistics Properties Trust’s payout ratio is currently -2.44%.

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.