US Asset Management LLC Takes $174,000 Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

US Asset Management LLC acquired a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 37,050 shares of the company’s stock, valued at approximately $174,000.

Several other hedge funds also recently made changes to their positions in the company. EMC Capital Management boosted its stake in shares of Industrial Logistics Properties Trust by 190.3% during the third quarter. EMC Capital Management now owns 11,213 shares of the company’s stock worth $32,000 after buying an additional 7,350 shares during the period. Belpointe Asset Management LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the third quarter worth about $58,000. Nisa Investment Advisors LLC boosted its stake in shares of Industrial Logistics Properties Trust by 21.0% during the third quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock worth $73,000 after buying an additional 4,370 shares during the period. Meixler Investment Management Ltd. acquired a new stake in shares of Industrial Logistics Properties Trust during the third quarter worth about $79,000. Finally, Jump Financial LLC boosted its stake in shares of Industrial Logistics Properties Trust by 199.7% during the third quarter. Jump Financial LLC now owns 64,631 shares of the company’s stock worth $187,000 after buying an additional 43,063 shares during the period. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT traded up $0.08 during mid-day trading on Thursday, hitting $4.03. 258,525 shares of the company’s stock were exchanged, compared to its average volume of 382,757. Industrial Logistics Properties Trust has a fifty-two week low of $1.64 and a fifty-two week high of $4.88. The firm has a market capitalization of $265.30 million, a P/E ratio of -2.46 and a beta of 1.76. The business’s 50 day moving average is $3.93 and its two-hundred day moving average is $3.83. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84.

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a yield of 0.99%. Industrial Logistics Properties Trust’s payout ratio is currently -2.44%.

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.