Squarepoint Ops LLC Lowers Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Squarepoint Ops LLC cut its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,573 shares of the company’s stock after selling 7,627 shares during the period. Squarepoint Ops LLC’s holdings in Industrial Logistics Properties Trust were worth $97,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ILPT. ProShare Advisors LLC increased its position in shares of Industrial Logistics Properties Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,388 shares of the company’s stock valued at $67,000 after purchasing an additional 6,051 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Industrial Logistics Properties Trust by 1.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,574,742 shares of the company’s stock valued at $5,748,000 after purchasing an additional 19,995 shares during the last quarter. DigitalBridge Group Inc. increased its position in shares of Industrial Logistics Properties Trust by 20.0% during the 4th 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. CastleKnight Management LP increased its position in shares of Industrial Logistics Properties Trust by 22.9% during the 4th quarter. CastleKnight Management LP now owns 1,818,213 shares of the company’s stock valued at $6,636,000 after purchasing an additional 338,435 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Industrial Logistics Properties Trust by 27.7% during the 4th quarter. Bank of America Corp DE now owns 80,111 shares of the company’s stock valued at $292,000 after purchasing an additional 17,391 shares during the last quarter. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Trading Up 3.3%

Shares of NASDAQ ILPT opened at $3.40 on Tuesday. The business has a fifty day moving average price of $3.00 and a 200 day moving average price of $3.45. Industrial Logistics Properties Trust has a 1-year low of $2.45 and a 1-year high of $5.45. The stock has a market capitalization of $224.88 million, a P/E ratio of -2.33 and a beta of 2.22. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.20 earnings per share 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 Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date of this dividend was Tuesday, April 22nd. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.80%.

Insider Transactions at Industrial Logistics Properties Trust

In other Industrial Logistics Properties Trust news, Director Joseph Morea bought 20,000 shares of Industrial Logistics Properties Trust stock in a transaction on Friday, May 30th. The shares were bought at an average price of $3.31 per share, for a total transaction of $66,200.00. Following the completion of the transaction, the director now directly owns 112,191 shares of the company’s stock, valued at $371,352.21. This trade represents a 21.69% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.