Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 2.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 541,038 shares of the company’s stock after buying an additional 10,562 shares during the period. Northern Trust Corp owned 0.82% of Industrial Logistics Properties Trust worth $1,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Price T Rowe Associates Inc. MD raised its position in shares of Industrial Logistics Properties Trust by 15.3% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,124 shares of the company’s stock valued at $89,000 after buying an additional 3,199 shares during the last quarter. Pinebridge Investments L.P. raised its position in shares of Industrial Logistics Properties Trust by 4.3% in the fourth quarter. Pinebridge Investments L.P. now owns 116,354 shares of the company’s stock valued at $425,000 after buying an additional 4,813 shares during the last quarter. First Trust Advisors LP acquired a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $39,000. XTX Topco Ltd acquired a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $89,000. Finally, Mariner LLC raised its position in shares of Industrial Logistics Properties Trust by 131.7% in the fourth quarter. Mariner LLC now owns 27,811 shares of the company’s stock valued at $102,000 after buying an additional 15,807 shares during the last quarter. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.08 on Monday. Industrial Logistics Properties Trust has a 12-month low of $2.45 and a 12-month high of $5.45. The stock has a market cap of $203.72 million, a P/E ratio of -2.11 and a beta of 2.14. The company has a 50-day moving average price of $3.05 and a 200 day moving average price of $3.48. The company has a current ratio of 4.84, a quick ratio of 4.53 and a debt-to-equity ratio of 4.26.

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

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 22nd. Industrial Logistics Properties Trust’s payout ratio is currently -2.80%.

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.