Charles Schwab Investment Management Inc. Lowers Stock Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 31.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 963,270 shares of the company’s stock after selling 448,637 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.46% of Industrial Logistics Properties Trust worth $3,516,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Thrivent Financial for Lutherans increased its holdings in shares of Industrial Logistics Properties Trust by 10.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 471,092 shares of the company’s stock valued at $2,242,000 after acquiring an additional 46,214 shares during the period. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust during the third quarter valued at about $71,000. FMR LLC grew its stake in Industrial Logistics Properties Trust by 16.9% in the third quarter. FMR LLC now owns 25,067 shares of the company’s stock valued at $119,000 after purchasing an additional 3,632 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after purchasing an additional 6,785 shares in the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Industrial Logistics Properties Trust by 42.9% during the third quarter. MetLife Investment Management LLC now owns 26,326 shares of the company’s stock valued at $125,000 after buying an additional 7,901 shares during the last quarter. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of Industrial Logistics Properties Trust stock opened at $3.55 on Friday. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26. The company has a market cap of $234.81 million, a P/E ratio of -2.43 and a beta of 1.88. The firm’s 50 day moving average price is $3.78 and its 200-day moving average price is $3.92. Industrial Logistics Properties Trust has a 52-week low of $3.15 and a 52-week high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings results on Tuesday, February 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $110.52 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Shareholders of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.74%.

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.