State Street Corp Increases Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

State Street Corp lifted its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 21.0% in the third quarter, HoldingsChannel.com reports. The fund owned 997,661 shares of the company’s stock after buying an additional 173,230 shares during the quarter. State Street Corp’s holdings in Industrial Logistics Properties Trust were worth $4,749,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ILPT. Intech Investment Management LLC purchased a new position in Industrial Logistics Properties Trust in the 3rd quarter worth approximately $71,000. BNP Paribas Financial Markets lifted its holdings in shares of Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after buying an additional 6,785 shares in the last quarter. Mackenzie Financial Corp purchased a new position in shares of Industrial Logistics Properties Trust in the second quarter worth $85,000. The Manufacturers Life Insurance Company bought a new position in shares of Industrial Logistics Properties Trust during the second quarter worth $98,000. Finally, FMR LLC grew its stake 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 acquiring an additional 3,632 shares in the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ ILPT opened at $3.60 on Monday. The company has a market cap of $238.10 million, a P/E ratio of -2.29 and a beta of 1.83. Industrial Logistics Properties Trust has a 52-week low of $3.15 and a 52-week high of $5.45. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. The firm’s fifty day moving average is $3.68 and its two-hundred day moving average is $4.22.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.11%. Industrial Logistics Properties Trust’s dividend 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.