Asset Management One Co. Ltd. Has $413,000 Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Asset Management One Co. Ltd. cut its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 22.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 85,852 shares of the company’s stock after selling 24,659 shares during the period. Asset Management One Co. Ltd. owned approximately 0.13% of Industrial Logistics Properties Trust worth $413,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ILPT. Arrowstreet Capital Limited Partnership acquired a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $3,557,000. Prudential Financial Inc. grew its stake in shares of Industrial Logistics Properties Trust by 174.6% in the first quarter. Prudential Financial Inc. now owns 1,101,293 shares of the company’s stock valued at $3,381,000 after acquiring an additional 700,233 shares in the last quarter. Jane Street Group LLC grew its stake in Industrial Logistics Properties Trust by 775.8% during the first quarter. Jane Street Group LLC now owns 716,201 shares of the company’s stock worth $2,199,000 after buying an additional 634,428 shares in the last quarter. AQR Capital Management LLC grew its stake in Industrial Logistics Properties Trust by 109.2% during the fourth quarter. AQR Capital Management LLC now owns 1,068,076 shares of the company’s stock worth $3,493,000 after buying an additional 557,626 shares in the last quarter. Finally, Two Sigma Investments LP grew its stake in Industrial Logistics Properties Trust by 255.4% during the fourth quarter. Two Sigma Investments LP now owns 768,587 shares of the company’s stock worth $2,513,000 after buying an additional 552,356 shares in the last quarter. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Trading Down 2.7 %

Shares of Industrial Logistics Properties Trust stock opened at $3.93 on Friday. The company has a market capitalization of $258.75 million, a price-to-earnings ratio of -2.37 and a beta of 1.73. The company has a quick ratio of 5.04, a current ratio of 5.04 and a debt-to-equity ratio of 3.71. Industrial Logistics Properties Trust has a 12-month low of $1.64 and a 12-month high of $4.88. The firm’s 50-day moving average price is $3.96 and its two-hundred day moving average price is $3.67.

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Shareholders of record on Monday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.02%. Industrial Logistics Properties Trust’s payout ratio is -2.41%.

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.