158,165 Shares in Industrial Logistics Properties Trust $ILPT Purchased by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 158,165 shares of the company’s stock, valued at approximately $922,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the 3rd quarter worth about $34,000. PharVision Advisers LLC acquired a new position in shares of Industrial Logistics Properties Trust in the third quarter valued at approximately $154,000. Verition Fund Management LLC lifted its stake in shares of Industrial Logistics Properties Trust by 5.6% during the third quarter. Verition Fund Management LLC now owns 53,861 shares of the company’s stock valued at $314,000 after buying an additional 2,845 shares during the period. Quarry LP purchased a new position in shares of Industrial Logistics Properties Trust during the third quarter valued at approximately $28,000. Finally, Qube Research & Technologies Ltd boosted its position in Industrial Logistics Properties Trust by 317.1% during the third quarter. Qube Research & Technologies Ltd now owns 112,620 shares of the company’s stock worth $657,000 after acquiring an additional 85,621 shares during the last quarter. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Stock Up 1.8%

Shares of NASDAQ ILPT opened at $5.78 on Tuesday. The stock has a market capitalization of $385.24 million, a PE ratio of -5.72 and a beta of 2.46. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 4.66. The firm has a fifty day moving average of $5.80 and a 200-day moving average of $5.71. Industrial Logistics Properties Trust has a 52-week low of $2.45 and a 52-week high of $6.68.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Wednesday, February 18th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.31). Industrial Logistics Properties Trust had a negative return on equity of 7.08% and a negative net margin of 14.75%.The firm had revenue of $113.91 million during the quarter, compared to analysts’ expectations of $111.73 million.

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were issued a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Monday, January 26th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -19.80%.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Loop Capital set a $7.40 target price on shares of Industrial Logistics Properties Trust in a research note on Tuesday, March 3rd. Zacks Research lowered Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.20.

Industrial Logistics Properties Trust Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.