Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers decreased its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 6.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 57,127 shares of the company’s stock after selling 3,920 shares during the period. Cetera Investment Advisers’ holdings in Industrial Logistics Properties Trust were worth $209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of ILPT. First Trust Advisors LP acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth $39,000. Caprock Group LLC acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth $56,000. Silver Oak Securities Incorporated acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth $65,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth $80,000. Finally, XTX Topco Ltd acquired a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth $89,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, B. Riley began coverage on shares of Industrial Logistics Properties Trust in a research note on Friday, May 9th. They issued a “buy” rating and a $5.00 price target for the company.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.32 on Monday. The stock has a market cap of $219.59 million, a P/E ratio of -2.27 and a beta of 2.14. The company has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.47. Industrial Logistics Properties Trust has a 12-month low of $2.45 and a 12-month high of $5.45. 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 (NASDAQ:ILPT) last released its quarterly earnings data on Tuesday, April 29th. The company reported $0.20 earnings per share (EPS) for the quarter. The business had revenue of $111.91 million during the quarter. Industrial Logistics Properties Trust had a negative net margin of 21.63% and a negative return on equity of 8.98%.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Stockholders of record on Tuesday, April 22nd were given a dividend of $0.01 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a dividend yield of 1.20%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -2.80%.

Industrial Logistics Properties Trust 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.