Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 8.7% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 37,378 shares of the company’s stock after selling 3,543 shares during the period. SG Americas Securities LLC’s holdings in Industrial Logistics Properties Trust were worth $136,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of ILPT. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust during the third quarter valued at $71,000. BNP Paribas Financial Markets increased its stake in Industrial Logistics Properties Trust by 62.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after purchasing an additional 6,785 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of Industrial Logistics Properties Trust in the second quarter worth $98,000. FMR LLC boosted its position in Industrial Logistics Properties Trust by 16.9% during the third quarter. FMR LLC now owns 25,067 shares of the company’s stock valued at $119,000 after purchasing an additional 3,632 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in shares of Industrial Logistics Properties Trust by 42.9% in the third quarter. MetLife Investment Management LLC now owns 26,326 shares of the company’s stock worth $125,000 after buying an additional 7,901 shares during the last quarter. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 0.3 %

Shares of ILPT stock opened at $3.91 on Tuesday. The stock has a 50 day moving average of $3.66 and a 200-day moving average of $4.17. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a 12 month low of $3.15 and a 12 month high of $5.45. The firm has a market cap of $258.62 million, a PE ratio of -2.49 and a beta of 1.84.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a yield of 1.02%. Industrial Logistics Properties Trust’s payout ratio is currently -2.55%.

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.