Geode Capital Management LLC Acquires 43,068 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Geode Capital Management LLC grew its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 2.9% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,533,950 shares of the company’s stock after purchasing an additional 43,068 shares during the quarter. Geode Capital Management LLC’s holdings in Industrial Logistics Properties Trust were worth $7,303,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ILPT. Barclays PLC increased its holdings in Industrial Logistics Properties Trust by 41.0% during the third quarter. Barclays PLC now owns 246,315 shares of the company’s stock valued at $1,172,000 after buying an additional 71,590 shares during the period. Jane Street Group LLC bought a new stake in Industrial Logistics Properties Trust during the 3rd quarter valued at $784,000. State Street Corp increased its holdings in shares of Industrial Logistics Properties Trust by 21.0% in the 3rd quarter. State Street Corp now owns 997,661 shares of the company’s stock valued at $4,749,000 after acquiring an additional 173,230 shares during the period. Centiva Capital LP bought a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter worth $138,000. Finally, MetLife Investment Management LLC raised its position 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 acquiring an additional 7,901 shares in the last quarter. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT stock opened at $3.62 on Friday. The stock’s 50-day moving average is $3.65 and its 200 day moving average is $4.21. Industrial Logistics Properties Trust has a 1-year low of $3.15 and a 1-year high of $5.45. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. The company has a market cap of $239.44 million, a P/E ratio of -2.31 and a beta of 1.83.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio is currently -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.