Silver Oak Securities Incorporated Acquires New Shares in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Silver Oak Securities Incorporated bought a new position in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the fourth quarter, HoldingsChannel reports. The fund bought 18,058 shares of the company’s stock, valued at approximately $65,000.

Other large investors have also recently bought and sold shares of the company. Caprock Group LLC acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter valued at approximately $56,000. EMC Capital Management grew its holdings in Industrial Logistics Properties Trust by 65.2% during the 4th quarter. EMC Capital Management now owns 13,319 shares of the company’s stock worth $49,000 after acquiring an additional 5,255 shares during the last quarter. JPMorgan Chase & Co. increased its position in Industrial Logistics Properties Trust by 375.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,938 shares of the company’s stock valued at $1,075,000 after acquiring an additional 178,381 shares during the period. Franklin Resources Inc. acquired a new position in Industrial Logistics Properties Trust in the 3rd quarter valued at approximately $501,000. Finally, Barclays PLC lifted its holdings in shares of Industrial Logistics Properties Trust by 41.0% during the third quarter. Barclays PLC now owns 246,315 shares of the company’s stock worth $1,172,000 after purchasing an additional 71,590 shares during the period. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Stock Performance

Shares of Industrial Logistics Properties Trust stock opened at $3.92 on Monday. The stock has a market cap of $259.27 million, a price-to-earnings ratio of -2.50 and a beta of 1.84. Industrial Logistics Properties Trust has a twelve month low of $3.15 and a twelve month high of $5.45. The company’s fifty day moving average is $3.66 and its 200 day moving average is $4.18. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13.

Industrial Logistics Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.02%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

About Industrial Logistics Properties Trust

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.