Marathon Trading Investment Management LLC Sells 78,524 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Marathon Trading Investment Management LLC lessened its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 78.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,276 shares of the company’s stock after selling 78,524 shares during the quarter. Marathon Trading Investment Management LLC’s holdings in Industrial Logistics Properties Trust were worth $78,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Fifth Lane Capital LP bought a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $49,000. Mesirow Financial Investment Management Inc. bought a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $58,000. SG Americas Securities LLC bought a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $59,000. Cetera Advisors LLC boosted its stake in shares of Industrial Logistics Properties Trust by 68.0% in the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after purchasing an additional 7,413 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new position in shares of Industrial Logistics Properties Trust in the 4th quarter valued at about $86,000. Institutional investors own 49.08% of the company’s stock.

Wall Street Analyst Weigh In

ILPT has been the topic of several recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, July 3rd. B. Riley increased their price target on shares of Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, August 5th.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ:ILPT opened at $5.06 on Thursday. The company has a market capitalization of $333.11 million, a price-to-earnings ratio of -3.09 and a beta of 1.80. The firm’s 50 day simple moving average is $4.84 and its 200 day simple moving average is $4.20. The company has a debt-to-equity ratio of 3.96, a current ratio of 5.09 and a quick ratio of 5.09. Industrial Logistics Properties Trust has a fifty-two week low of $2.21 and a fifty-two week high of $5.45.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 15th. Investors of record on Monday, July 22nd were given a $0.01 dividend. The ex-dividend date was Monday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.79%. Industrial Logistics Properties Trust’s dividend payout ratio is -2.44%.

Industrial Logistics Properties Trust Company 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.