Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC lifted its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 20.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,331 shares of the company’s stock after buying an additional 23,356 shares during the period. New York Life Investment Management LLC owned approximately 0.21% of Industrial Logistics Properties Trust worth $655,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HTLF Bank purchased a new position in shares of Industrial Logistics Properties Trust during the fourth quarter worth about $5,398,000. Nisa Investment Advisors LLC boosted its position in shares of Industrial Logistics Properties Trust by 21.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock valued at $73,000 after purchasing an additional 4,370 shares during the period. Graham Capital Management L.P. boosted its position in shares of Industrial Logistics Properties Trust by 38.9% in the 3rd quarter. Graham Capital Management L.P. now owns 114,677 shares of the company’s stock valued at $331,000 after purchasing an additional 32,107 shares during the period. Barclays PLC grew its stake in Industrial Logistics Properties Trust by 402.3% during the 3rd quarter. Barclays PLC now owns 197,749 shares of the company’s stock worth $572,000 after buying an additional 158,377 shares during the last quarter. Finally, Citigroup Inc. increased its position in Industrial Logistics Properties Trust by 6,833.5% during the third quarter. Citigroup Inc. now owns 134,509 shares of the company’s stock worth $389,000 after buying an additional 132,569 shares during the period. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ ILPT opened at $3.95 on Thursday. The stock has a market cap of $260.03 million, a P/E ratio of -2.41 and a beta of 1.76. Industrial Logistics Properties Trust has a twelve month low of $1.64 and a twelve month high of $4.88. The stock has a 50 day moving average of $3.93 and a two-hundred day moving average of $3.83. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a $0.01 dividend. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a yield of 1.01%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.44%.

About Industrial Logistics Properties Trust

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.