ProShare Advisors LLC Raises Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

ProShare Advisors LLC raised its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 49.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,388 shares of the company’s stock after purchasing an additional 6,051 shares during the quarter. ProShare Advisors LLC’s holdings in Industrial Logistics Properties Trust were worth $67,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ILPT. Nantahala Capital Management LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 86.4% in the fourth quarter. Nantahala Capital Management LLC now owns 2,107,893 shares of the company’s stock worth $7,694,000 after buying an additional 976,761 shares in the last quarter. CastleKnight Management LP lifted its holdings in shares of Industrial Logistics Properties Trust by 22.9% in the fourth quarter. CastleKnight Management LP now owns 1,818,213 shares of the company’s stock worth $6,636,000 after buying an additional 338,435 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Industrial Logistics Properties Trust by 28.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 603,250 shares of the company’s stock worth $2,202,000 after buying an additional 132,158 shares in the last quarter. HTLF Bank lifted its holdings in shares of Industrial Logistics Properties Trust by 11.5% in the fourth quarter. HTLF Bank now owns 1,280,150 shares of the company’s stock worth $4,673,000 after buying an additional 131,587 shares in the last quarter. Finally, DigitalBridge Group Inc. lifted its position in Industrial Logistics Properties Trust by 20.0% during the fourth quarter. DigitalBridge Group Inc. now owns 456,225 shares of the company’s stock valued at $1,665,000 after purchasing an additional 76,000 shares during the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, Director Joseph Morea purchased 20,000 shares of Industrial Logistics Properties Trust stock in a transaction that occurred on Friday, May 30th. The shares were bought at an average price of $3.31 per share, with a total value of $66,200.00. Following the purchase, the director now directly owns 112,191 shares of the company’s stock, valued at approximately $371,352.21. This represents a 21.69% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.80% of the stock is currently owned by insiders.

Industrial Logistics Properties Trust Price Performance

ILPT stock opened at $3.42 on Wednesday. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $5.45. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26. The company has a fifty day simple moving average of $3.01 and a two-hundred day simple moving average of $3.46. The firm has a market capitalization of $226.21 million, a P/E ratio of -2.34 and a beta of 2.14.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share 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 business had revenue of $111.91 million for the quarter.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.17%. The ex-dividend date was Tuesday, April 22nd. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.80%.

Industrial Logistics Properties Trust 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.