Charles Schwab Investment Management Inc. Trims Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Charles Schwab Investment Management Inc. lessened its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 31.8% during the 4th quarter, HoldingsChannel reports. The firm owned 963,270 shares of the company’s stock after selling 448,637 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Industrial Logistics Properties Trust were worth $3,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. HTLF Bank lifted its stake in shares of Industrial Logistics Properties Trust by 11.5% in the 4th quarter. HTLF Bank now owns 1,280,150 shares of the company’s stock valued at $4,673,000 after purchasing an additional 131,587 shares during the period. Silver Oak Securities Incorporated acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth about $65,000. Caprock Group LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter worth about $56,000. EMC Capital Management grew its position in shares of Industrial Logistics Properties Trust by 65.2% during the 4th quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after acquiring an additional 5,255 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Industrial Logistics Properties Trust by 375.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 225,938 shares of the company’s stock valued at $1,075,000 after purchasing an additional 178,381 shares in the last quarter. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $3.55 on Friday. The company has a current ratio of 4.84, a quick ratio of 4.53 and a debt-to-equity ratio of 4.26. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45. The business’s 50 day moving average is $3.78 and its two-hundred day moving average is $3.92. The company has a market capitalization of $234.81 million, a P/E ratio of -2.43 and a beta of 1.88.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Tuesday, February 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $110.52 million for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.

Industrial Logistics Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.13%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.74%.

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.