SG Americas Securities LLC Buys 29,110 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

SG Americas Securities LLC raised its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 246.5% during the 3rd quarter, Holdings Channel.com reports. The fund owned 40,921 shares of the company’s stock after acquiring an additional 29,110 shares during the period. SG Americas Securities LLC’s holdings in Industrial Logistics Properties Trust were worth $195,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp bought a new stake in Industrial Logistics Properties Trust during the second quarter worth $741,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at $98,000. Quadrature Capital Ltd purchased a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter valued at $86,000. Cetera Advisors LLC raised its stake in shares of Industrial Logistics Properties Trust by 68.0% during 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. Finally, Deerfield Management Company L.P. Series C purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth about $542,000. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Trading Down 0.2 %

Shares of ILPT opened at $4.06 on Thursday. The business’s 50-day moving average price is $4.74 and its 200-day moving average price is $4.31. The company has a quick ratio of 5.09, a current ratio of 5.09 and a debt-to-equity ratio of 3.96. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.45. The stock has a market cap of $267.28 million, a PE ratio of -2.48 and a beta of 1.79.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 0.99%. Industrial Logistics Properties Trust’s payout ratio is presently -2.44%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. B. Riley lifted their price target on shares of Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, August 5th. JMP Securities restated a “market perform” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, July 3rd.

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.