Fmr LLC Grows Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Fmr LLC boosted its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 16.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 25,067 shares of the company’s stock after buying an additional 3,632 shares during the quarter. Fmr LLC’s holdings in Industrial Logistics Properties Trust were worth $119,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ILPT. Intech Investment Management LLC bought a new position in Industrial Logistics Properties Trust in the 3rd quarter worth approximately $71,000. Mackenzie Financial Corp bought a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth $85,000. The Manufacturers Life Insurance Company bought a new position in Industrial Logistics Properties Trust in the second quarter valued at $98,000. Bailard Inc. purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth about $123,000. Finally, SG Americas Securities LLC boosted its stake in shares of Industrial Logistics Properties Trust by 246.5% in the 3rd quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $195,000 after purchasing an additional 29,110 shares in the last quarter. 49.08% of the stock is owned by institutional investors.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $3.25 on Monday. The business has a 50-day moving average of $3.77 and a 200 day moving average of $4.24. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year high of $5.45. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. The stock has a market capitalization of $214.97 million, a PE ratio of -2.07 and a beta of 1.83.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend was Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio 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.