Vanguard Personalized Indexing Management LLC Takes $35,000 Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Vanguard Personalized Indexing Management LLC bought a new position in Industrial Logistics Properties Trust (NASDAQ:ILPT) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 11,461 shares of the company’s stock, valued at approximately $35,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ILPT. Tower Research Capital LLC TRC boosted its position in Industrial Logistics Properties Trust by 88.7% during the third quarter. Tower Research Capital LLC TRC now owns 4,956 shares of the company’s stock valued at $27,000 after purchasing an additional 2,329 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Industrial Logistics Properties Trust by 47.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 10,108 shares of the company’s stock worth $33,000 after purchasing an additional 3,231 shares in the last quarter. ProShare Advisors LLC purchased a new position in Industrial Logistics Properties Trust in the 4th quarter valued at about $34,000. 626 Financial LLC acquired a new stake in Industrial Logistics Properties Trust in the 1st quarter worth about $35,000. Finally, Teacher Retirement System of Texas purchased a new stake in Industrial Logistics Properties Trust during the 4th quarter worth approximately $46,000. 66.98% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Trading Up 1.5 %

Shares of NASDAQ ILPT opened at $3.99 on Monday. The company has a current ratio of 4.34, a quick ratio of 4.34 and a debt-to-equity ratio of 3.41. The stock has a market capitalization of $262.13 million, a PE ratio of -2.04 and a beta of 1.38. The stock has a fifty day simple moving average of $3.86 and a 200-day simple moving average of $3.10. Industrial Logistics Properties Trust has a twelve month low of $1.64 and a twelve month high of $7.77.

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 17th. Shareholders of record on Monday, July 24th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.00%. The ex-dividend date was Friday, July 21st. Industrial Logistics Properties Trust’s payout ratio is -2.04%.

Insider Buying and Selling

In other Industrial Logistics Properties Trust news, Director Joseph Morea purchased 20,000 shares of Industrial Logistics Properties Trust stock in a transaction dated Thursday, July 27th. The stock was acquired at an average cost of $3.68 per share, with a total value of $73,600.00. Following the acquisition, the director now directly owns 40,000 shares of the company’s stock, valued at $147,200. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 1.50% of the stock is owned by company insiders.

About Industrial Logistics Properties Trust

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of June 30, 2023, ILPT's portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states.