Dimensional Fund Advisors LP Has $2.92 Million Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Dimensional Fund Advisors LP lessened its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 3.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 798,970 shares of the company’s stock after selling 31,918 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Industrial Logistics Properties Trust were worth $2,916,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. First Trust Advisors LP bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $39,000. EMC Capital Management boosted its holdings in shares of Industrial Logistics Properties Trust by 65.2% during the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock worth $49,000 after acquiring an additional 5,255 shares during the period. Caprock Group LLC bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $56,000. Silver Oak Securities Incorporated bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $65,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $80,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Trading Down 3.1%

Shares of ILPT stock opened at $3.15 on Wednesday. The company has a current ratio of 4.84, a quick ratio of 4.53 and a debt-to-equity ratio of 4.26. The stock has a market cap of $208.35 million, a P/E ratio of -2.16 and a beta of 2.14. The stock has a 50 day simple moving average of $3.09 and a 200 day simple moving average of $3.50. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings results 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 return on equity of 8.98% and a negative net margin of 21.63%.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Tuesday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.27%. The ex-dividend date is Tuesday, April 22nd. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -2.80%.

Wall Street Analysts Forecast Growth

Separately, B. Riley assumed coverage on Industrial Logistics Properties Trust in a report on Friday, May 9th. They set a “buy” rating and a $5.00 price objective for the company.

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.