Verition Fund Management LLC Has $177,000 Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Verition Fund Management LLC lowered its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 27.6% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,247 shares of the company’s stock after selling 14,200 shares during the quarter. Verition Fund Management LLC owned about 0.06% of Industrial Logistics Properties Trust worth $177,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ILPT. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust during the third quarter valued at about $71,000. Cetera Advisors LLC boosted its stake in Industrial Logistics Properties Trust by 68.0% during 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 period. BNP Paribas Financial Markets grew its holdings in Industrial Logistics Properties Trust by 62.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after buying an additional 6,785 shares during the last quarter. Mackenzie Financial Corp bought a new position in Industrial Logistics Properties Trust in the 2nd quarter worth approximately $85,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Industrial Logistics Properties Trust during the second quarter worth approximately $98,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Trading Down 3.7 %

Shares of Industrial Logistics Properties Trust stock opened at $3.60 on Tuesday. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. The company has a market cap of $238.12 million, a price-to-earnings ratio of -2.29 and a beta of 1.83. The company’s fifty day simple moving average is $3.85 and its 200-day simple moving average is $4.25. Industrial Logistics Properties Trust has a 1 year low of $3.15 and a 1 year high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.11%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

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.