Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 20.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 139,331 shares of the company’s stock after acquiring an additional 23,356 shares during the period. New York Life Investment Management LLC’s holdings in Industrial Logistics Properties Trust were worth $655,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. HTLF Bank bought a new position in shares of Industrial Logistics Properties Trust in the 4th quarter worth about $5,398,000. Nisa Investment Advisors LLC lifted its holdings in Industrial Logistics Properties Trust by 21.0% in the third quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock worth $73,000 after acquiring an additional 4,370 shares during the last quarter. Graham Capital Management L.P. boosted its stake in Industrial Logistics Properties Trust by 38.9% in the third quarter. Graham Capital Management L.P. now owns 114,677 shares of the company’s stock valued at $331,000 after acquiring an additional 32,107 shares during the period. Barclays PLC grew its holdings in shares of Industrial Logistics Properties Trust by 402.3% during the third quarter. Barclays PLC now owns 197,749 shares of the company’s stock valued at $572,000 after purchasing an additional 158,377 shares during the last quarter. Finally, Citigroup Inc. raised its position in shares of Industrial Logistics Properties Trust by 6,833.5% during the 3rd quarter. Citigroup Inc. now owns 134,509 shares of the company’s stock worth $389,000 after purchasing an additional 132,569 shares during the period. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Trading Down 4.8 %

NASDAQ:ILPT opened at $3.95 on Thursday. The firm has a market capitalization of $260.03 million, a P/E ratio of -2.41 and a beta of 1.76. The business has a 50 day simple moving average of $3.93 and a 200 day simple moving average of $3.83. The company has a debt-to-equity ratio of 3.84, a current ratio of 4.77 and a quick ratio of 4.77. Industrial Logistics Properties Trust has a 12-month low of $1.64 and a 12-month high of $4.88.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Friday, April 19th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.44%.

Industrial Logistics Properties Trust Company Profile

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.