State Board of Administration of Florida Retirement System Decreases Stock Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

State Board of Administration of Florida Retirement System lowered its stake in Industrial Logistics Properties Trust (NASDAQ:ILPTGet Rating) by 56.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,583 shares of the company’s stock after selling 15,294 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Industrial Logistics Properties Trust were worth $163,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. ACG Wealth purchased a new position in Industrial Logistics Properties Trust during the 2nd quarter valued at about $45,000. Point72 Hong Kong Ltd increased its holdings in Industrial Logistics Properties Trust by 198.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,107 shares of the company’s stock valued at $48,000 after purchasing an additional 1,402 shares during the period. Van ECK Associates Corp increased its holdings in Industrial Logistics Properties Trust by 15.1% during the 1st quarter. Van ECK Associates Corp now owns 5,819 shares of the company’s stock valued at $132,000 after purchasing an additional 762 shares during the period. Commonwealth Equity Services LLC purchased a new position in Industrial Logistics Properties Trust during the 2nd quarter valued at about $146,000. Finally, Griffin Asset Management Inc. purchased a new position in Industrial Logistics Properties Trust during the 2nd quarter valued at about $187,000. Hedge funds and other institutional investors own 85.51% of the company’s stock.

Industrial Logistics Properties Trust Stock Up 9.2 %

ILPT stock opened at $3.92 on Wednesday. Industrial Logistics Properties Trust has a fifty-two week low of $3.32 and a fifty-two week high of $25.73. The business’s 50 day moving average price is $5.08 and its two-hundred day moving average price is $9.36. The company has a debt-to-equity ratio of 3.12, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market capitalization of $257.03 million, a price-to-earnings ratio of -1.93 and a beta of 1.05.

Industrial Logistics Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 17th. Shareholders of record on Monday, October 24th were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Friday, October 21st. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.02%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -1.97%.

Analyst Upgrades and Downgrades

Separately, B. Riley reduced their price target on Industrial Logistics Properties Trust from $13.00 to $11.00 in a report on Friday, October 28th.

Industrial Logistics Properties Trust Company Profile

(Get Rating)

ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

Further Reading

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Institutional Ownership by Quarter for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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