5,580 Shares in Industrial Logistics Properties Trust (NASDAQ:ILPT) Acquired by Point72 Hong Kong Ltd

Point72 Hong Kong Ltd bought a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,580 shares of the company’s stock, valued at approximately $31,000.

Several other large investors have also recently modified their holdings of ILPT. Tower Research Capital LLC TRC lifted its stake in shares of Industrial Logistics Properties Trust by 88.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,956 shares of the company’s stock worth $27,000 after purchasing an additional 2,329 shares during the last quarter. CWM LLC grew its holdings in Industrial Logistics Properties Trust by 1,058.2% in the third quarter. CWM LLC now owns 5,571 shares of the company’s stock valued at $31,000 after purchasing an additional 5,090 shares during the period. Quadrant Capital Group LLC lifted its position in shares of Industrial Logistics Properties Trust by 1,081.6% in the third quarter. Quadrant Capital Group LLC now owns 6,475 shares of the company’s stock valued at $36,000 after acquiring an additional 5,927 shares in the last quarter. Signaturefd LLC lifted its position in Industrial Logistics Properties Trust by 459.1% during the third quarter. Signaturefd LLC now owns 7,838 shares of the company’s stock worth $43,000 after buying an additional 6,436 shares in the last quarter. Finally, Creative Planning purchased a new position in Industrial Logistics Properties Trust during the third quarter worth approximately $57,000. Institutional investors own 84.25% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, B. Riley dropped their price objective on Industrial Logistics Properties Trust from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, February 21st.

Industrial Logistics Properties Trust Stock Down 6.9 %

ILPT opened at $3.94 on Tuesday. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 3.19. The business has a 50 day moving average price of $4.11 and a two-hundred day moving average price of $4.86. Industrial Logistics Properties Trust has a 52 week low of $3.05 and a 52 week high of $23.08. The company has a market cap of $258.35 million, a PE ratio of -1.13 and a beta of 1.14.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, January 23rd were issued a $0.01 dividend. The ex-dividend date was Friday, January 20th. This represents a $0.04 annualized dividend and a yield of 1.02%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -1.15%.

Industrial Logistics Properties Trust Profile

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Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics properties. The company was founded on September 15, 2017 and is headquartered in Newton, MA.