SG Americas Securities LLC Has $195,000 Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

SG Americas Securities LLC lifted its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 246.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,921 shares of the company’s stock after buying an additional 29,110 shares during the period. SG Americas Securities LLC owned approximately 0.06% of Industrial Logistics Properties Trust worth $195,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in ILPT. Fifth Lane Capital LP bought a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter valued at $49,000. Cetera Advisors LLC raised its stake in Industrial Logistics Properties Trust by 68.0% in the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after purchasing an additional 7,413 shares in the last quarter. Bright Futures Wealth Management LLC. acquired a new position in Industrial Logistics Properties Trust in the first quarter valued at about $83,000. Mackenzie Financial Corp bought a new stake in Industrial Logistics Properties Trust during the second quarter worth about $85,000. Finally, Quadrature Capital Ltd acquired a new stake in Industrial Logistics Properties Trust during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Analyst Upgrades and Downgrades

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

Industrial Logistics Properties Trust Stock Performance

NASDAQ ILPT opened at $4.06 on Thursday. The company has a market capitalization of $267.28 million, a price-to-earnings ratio of -2.48 and a beta of 1.79. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 3.96. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.45. The stock has a fifty day simple moving average of $4.74 and a 200 day simple moving average of $4.31.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 0.99%. Industrial Logistics Properties Trust’s payout ratio is -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.