GSA Capital Partners LLP Sells 112,789 Shares of Industrial Logistics Properties Trust $ILPT

GSA Capital Partners LLP trimmed its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 52.3% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 102,940 shares of the company’s stock after selling 112,789 shares during the quarter. GSA Capital Partners LLP owned approximately 0.15% of Industrial Logistics Properties Trust worth $600,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. PNC Financial Services Group Inc. boosted its stake in Industrial Logistics Properties Trust by 125.7% during the second quarter. PNC Financial Services Group Inc. now owns 7,881 shares of the company’s stock worth $36,000 after acquiring an additional 4,389 shares in the last quarter. Strs Ohio purchased a new position in shares of Industrial Logistics Properties Trust during the first quarter valued at approximately $42,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $60,000. Quadrature Capital Ltd purchased a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $68,000. Finally, Los Angeles Capital Management LLC bought a new position in Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $68,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT opened at $5.84 on Monday. The firm has a fifty day simple moving average of $5.61 and a two-hundred day simple moving average of $5.70. The firm has a market cap of $389.24 million, a PE ratio of -5.78 and a beta of 2.48. The company has a current ratio of 4.29, a quick ratio of 4.29 and a debt-to-equity ratio of 4.66. Industrial Logistics Properties Trust has a 1-year low of $2.45 and a 1-year high of $6.57.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings data on Wednesday, February 18th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.31). The firm had revenue of $113.91 million during the quarter, compared to the consensus estimate of $111.73 million. Industrial Logistics Properties Trust had a negative return on equity of 7.08% and a negative net margin of 14.75%.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, February 19th. Investors of record on Monday, January 26th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.4%. The ex-dividend date was Monday, January 26th. Industrial Logistics Properties Trust’s payout ratio is -19.80%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, January 28th. Zacks Research lowered shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. One research analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.00.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.