Dimensional Fund Advisors LP Sells 31,918 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Dimensional Fund Advisors LP trimmed its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 798,970 shares of the company’s stock after selling 31,918 shares during the period. Dimensional Fund Advisors LP owned approximately 1.21% of Industrial Logistics Properties Trust worth $2,916,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. First Trust Advisors LP bought a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $39,000. EMC Capital Management increased its position in shares of Industrial Logistics Properties Trust by 65.2% in the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after acquiring an additional 5,255 shares during the last quarter. Caprock Group LLC acquired a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $56,000. Silver Oak Securities Incorporated acquired a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $65,000. Finally, Resona Asset Management Co. Ltd. acquired a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $80,000. 49.08% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Industrial Logistics Properties Trust in a research report on Friday, May 9th. They issued a “buy” rating and a $5.00 target price on the stock.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT opened at $3.15 on Wednesday. The company has a debt-to-equity ratio of 4.26, a quick ratio of 4.53 and a current ratio of 4.84. The stock’s 50-day simple moving average is $3.09 and its 200 day simple moving average is $3.50. The company has a market cap of $208.35 million, a P/E ratio of -2.16 and a beta of 2.14. Industrial Logistics Properties Trust has a 52-week low of $2.45 and a 52-week high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $111.91 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date is Tuesday, April 22nd. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.80%.

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.