LSV Asset Management Lowers Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

LSV Asset Management decreased its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 2.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,651,057 shares of the company’s stock after selling 39,349 shares during the period. LSV Asset Management owned 2.51% of Industrial Logistics Properties Trust worth $7,760,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. EMC Capital Management lifted its holdings in shares of Industrial Logistics Properties Trust by 190.3% during the 3rd quarter. EMC Capital Management now owns 11,213 shares of the company’s stock valued at $32,000 after acquiring an additional 7,350 shares in the last quarter. Belpointe Asset Management LLC acquired a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at about $58,000. Nisa Investment Advisors LLC raised its holdings in shares of Industrial Logistics Properties Trust by 21.0% during the 3rd quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock valued at $73,000 after buying an additional 4,370 shares during the period. Meixler Investment Management Ltd. acquired a new position in Industrial Logistics Properties Trust during the 3rd quarter worth approximately $79,000. Finally, Jump Financial LLC boosted its holdings in Industrial Logistics Properties Trust by 199.7% in the 3rd quarter. Jump Financial LLC now owns 64,631 shares of the company’s stock worth $187,000 after acquiring an additional 43,063 shares during the period. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $3.95 on Thursday. The company’s fifty day moving average price is $3.93 and its two-hundred day moving average price is $3.83. The company has a debt-to-equity ratio of 3.84, a current ratio of 4.77 and a quick ratio of 4.77. The firm has a market capitalization of $260.03 million, a P/E ratio of -2.41 and a beta of 1.76. Industrial Logistics Properties Trust has a 12 month low of $1.64 and a 12 month high of $4.88.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date is Friday, April 19th. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.44%.

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.