Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC decreased its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 23.1% during the third quarter, Holdings Channel reports. The institutional investor owned 19,389 shares of the company’s stock after selling 5,837 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Industrial Logistics Properties Trust were worth $92,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ILPT. SG Americas Securities LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter worth about $59,000. Cetera Advisors LLC raised its holdings in Industrial Logistics Properties Trust by 68.0% in the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after purchasing an additional 7,413 shares during the period. Bright Futures Wealth Management LLC. purchased a new position in Industrial Logistics Properties Trust during the first quarter worth approximately $83,000. Mackenzie Financial Corp acquired a new stake in Industrial Logistics Properties Trust in the second quarter valued at approximately $85,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at approximately $98,000. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Down 0.3 %

ILPT opened at $3.72 on Friday. The company has a market cap of $246.04 million, a PE ratio of -2.37 and a beta of 1.82. Industrial Logistics Properties Trust has a twelve month low of $2.61 and a twelve month high of $5.45. The company has a 50-day moving average price of $4.48 and a 200 day moving average price of $4.29. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.08%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

Analysts Set New Price Targets

Separately, B. Riley increased their target price on 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 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.