Vanguard Group Inc. Sells 243,796 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Vanguard Group Inc. lessened its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 3.9% in the third quarter, Holdings Channel.com reports. The fund owned 6,079,306 shares of the company’s stock after selling 243,796 shares during the period. Vanguard Group Inc. owned about 0.09% of Industrial Logistics Properties Trust worth $17,569,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its position in shares of 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 buying an additional 2,329 shares during the last quarter. EMC Capital Management boosted its position in shares of Industrial Logistics Properties Trust by 190.3% during the third quarter. EMC Capital Management now owns 11,213 shares of the company’s stock valued at $32,000 after buying an additional 7,350 shares during the last quarter. PNC Financial Services Group Inc. boosted its position 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 valued at $33,000 after buying an additional 3,231 shares during the last quarter. Private Advisor Group LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the first quarter valued at $33,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the first quarter valued at $36,000. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Trading Down 2.7 %

Shares of NASDAQ:ILPT opened at $3.93 on Monday. The stock 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 debt-to-equity ratio of 3.71, a quick ratio of 5.04 and a current ratio of 5.04. The stock’s 50-day simple moving average is $3.96 and its two-hundred day simple moving average is $3.68. Industrial Logistics Properties Trust has a 52-week low of $1.64 and a 52-week high of $4.88.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.02%. The ex-dividend date is Friday, April 19th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -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.