LSV Asset Management Has $7.76 Million Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

LSV Asset Management trimmed its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 2.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,651,057 shares of the company’s stock after selling 39,349 shares during the period. LSV Asset Management’s holdings in Industrial Logistics Properties Trust were worth $7,760,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. EMC Capital Management raised its position in Industrial Logistics Properties Trust by 190.3% during the third quarter. EMC Capital Management now owns 11,213 shares of the company’s stock worth $32,000 after acquiring an additional 7,350 shares in the last quarter. Belpointe Asset Management LLC acquired a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth about $58,000. Nisa Investment Advisors LLC raised its holdings 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. Meixler Investment Management Ltd. acquired a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at about $79,000. Finally, Jump Financial LLC grew its holdings in Industrial Logistics Properties Trust by 199.7% during the third quarter. Jump Financial LLC now owns 64,631 shares of the company’s stock worth $187,000 after purchasing an additional 43,063 shares during the period. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT opened at $3.95 on Thursday. Industrial Logistics Properties Trust has a 12-month low of $1.64 and a 12-month high of $4.88. The firm has a market capitalization of $260.03 million, a price-to-earnings ratio of -2.41 and a beta of 1.76. The stock’s 50 day moving average price is $3.93 and its two-hundred day moving average price is $3.83. The company has a quick ratio of 4.77, a current 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. Shareholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, April 19th. Industrial Logistics Properties Trust’s dividend payout ratio is -2.44%.

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.