Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lowered its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 23.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,411,907 shares of the company’s stock after selling 437,606 shares during the quarter. Charles Schwab Investment Management Inc. owned 2.13% of Industrial Logistics Properties Trust worth $6,721,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $741,000. The Manufacturers Life Insurance Company bought a new position in Industrial Logistics Properties Trust during the 2nd quarter valued at $98,000. Cetera Advisors LLC grew its holdings in Industrial Logistics Properties Trust by 68.0% during the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after acquiring an additional 7,413 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Industrial Logistics Properties Trust in the 3rd quarter worth about $71,000. Finally, Deerfield Management Company L.P. Series C acquired a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at about $542,000. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT opened at $3.62 on Thursday. Industrial Logistics Properties Trust has a 52 week low of $3.15 and a 52 week high of $5.45. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. The firm has a market cap of $239.43 million, a price-to-earnings ratio of -2.31 and a beta of 1.83. The stock has a 50 day moving average of $3.91 and a 200-day moving average of $4.25.

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.10%. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.55%.

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.