BNP Paribas Financial Markets Boosts Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

BNP Paribas Financial Markets grew its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 62.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,597 shares of the company’s stock after buying an additional 6,785 shares during the quarter. BNP Paribas Financial Markets’ holdings in Industrial Logistics Properties Trust were worth $84,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC lifted its holdings in Industrial Logistics Properties Trust by 16.9% during the third quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after acquiring an additional 3,632 shares during the period. Intech Investment Management LLC bought a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth $71,000. Thrivent Financial for Lutherans grew its stake in shares of Industrial Logistics Properties Trust by 10.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 471,092 shares of the company’s stock worth $2,242,000 after acquiring an additional 46,214 shares during the period. GSA Capital Partners LLP increased its holdings in Industrial Logistics Properties Trust by 17.2% in the 3rd quarter. GSA Capital Partners LLP now owns 362,592 shares of the company’s stock worth $1,726,000 after acquiring an additional 53,283 shares during the last quarter. Finally, Macroview Investment Management LLC bought a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at about $527,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ:ILPT opened at $3.40 on Thursday. The firm has a market capitalization of $224.89 million, a PE ratio of -2.17 and a beta of 1.83. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. The company has a 50-day moving average price of $3.84 and a two-hundred day moving average price of $4.25. Industrial Logistics Properties Trust has a twelve month low of $3.15 and a twelve month high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.18%. The ex-dividend date of this dividend was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -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.