Industrial Logistics Properties Trust (NASDAQ:ILPT) Stake Raised by EMC Capital Management

EMC Capital Management grew its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 65.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 13,319 shares of the company’s stock after purchasing an additional 5,255 shares during the period. EMC Capital Management’s holdings in Industrial Logistics Properties Trust were worth $49,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust during the third quarter worth approximately $71,000. BNP Paribas Financial Markets grew its holdings in shares of Industrial Logistics Properties Trust by 62.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after acquiring an additional 6,785 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth $85,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth $98,000. Finally, FMR LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 16.9% during 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. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

ILPT stock opened at $3.97 on Friday. The firm has a 50-day moving average of $3.65 and a two-hundred day moving average of $4.22. The firm has a market capitalization of $262.58 million, a PE ratio of -2.53 and a beta of 1.83. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a one year low of $3.15 and a one year high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Tuesday, October 29th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.50). The firm had revenue of $108.95 million for the quarter, compared to analyst estimates of $110.19 million. Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%. During the same period last year, the firm earned $0.12 earnings per share.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given 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 yield of 1.01%. Industrial Logistics Properties Trust’s payout ratio is presently -2.55%.

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.