Intech Investment Management LLC Acquires Shares of 14,860 Industrial Logistics Properties Trust (NASDAQ:ILPT)

Intech Investment Management LLC bought a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in the 3rd quarter, HoldingsChannel reports. The fund bought 14,860 shares of the company’s stock, valued at approximately $71,000.

Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC boosted its position in shares of Industrial Logistics Properties Trust by 162.9% during the second quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock valued at $1,672,000 after buying an additional 281,500 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in Industrial Logistics Properties Trust during the 2nd quarter worth $741,000. Deerfield Management Company L.P. Series C bought a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter worth $542,000. Macroview Investment Management LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at about $527,000. Finally, Rhumbline Advisers lifted its position in shares of Industrial Logistics Properties Trust by 499.3% during the 2nd quarter. Rhumbline Advisers now owns 101,945 shares of the company’s stock worth $375,000 after buying an additional 84,933 shares in the last quarter. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT opened at $3.55 on Monday. The stock has a 50 day moving average of $3.97 and a 200 day moving average of $4.26. The company has a market capitalization of $234.81 million, a price-to-earnings ratio of -2.26 and a beta of 1.83. Industrial Logistics Properties Trust has a 12 month low of $3.15 and a 12 month high of $5.45. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

Industrial Logistics Properties Trust 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.