Barclays PLC Boosts Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Barclays PLC raised its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 41.0% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 246,315 shares of the company’s stock after acquiring an additional 71,590 shares during the period. Barclays PLC’s holdings in Industrial Logistics Properties Trust were worth $1,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. FMR LLC increased its position in shares of Industrial Logistics Properties Trust by 16.9% in the third quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after purchasing an additional 3,632 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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 worth $84,000 after buying an additional 6,785 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Industrial Logistics Properties Trust by 42.9% in the 3rd quarter. MetLife Investment Management LLC now owns 26,326 shares of the company’s stock worth $125,000 after buying an additional 7,901 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Industrial Logistics Properties Trust by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock valued at $3,091,000 after buying an additional 9,382 shares in the last quarter. Finally, DigitalBridge Group Inc. lifted its holdings in shares of Industrial Logistics Properties Trust by 2.8% during the 2nd quarter. DigitalBridge Group Inc. now owns 396,243 shares of the company’s stock worth $1,458,000 after acquiring an additional 10,744 shares during the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ:ILPT opened at $3.60 on Monday. The firm has a market capitalization of $238.10 million, a PE ratio of -2.29 and a beta of 1.83. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. Industrial Logistics Properties Trust has a 52-week low of $3.15 and a 52-week high of $5.45. The firm has a fifty day moving average of $3.68 and a 200 day moving average of $4.22.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders 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.