Dynamic Technology Lab Private Ltd Purchases Shares of 13,306 Industrial Logistics Properties Trust $ILPT

Dynamic Technology Lab Private Ltd purchased a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,306 shares of the company’s stock, valued at approximately $60,000.

Several other hedge funds also recently modified their holdings of ILPT. Nomura Asset Management Co. Ltd. boosted its stake in Industrial Logistics Properties Trust by 13.9% during the second quarter. Nomura Asset Management Co. Ltd. now owns 89,900 shares of the company’s stock worth $409,000 after acquiring an additional 11,000 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of Industrial Logistics Properties Trust by 125.7% during the second quarter. PNC Financial Services Group Inc. now owns 7,881 shares of the company’s stock valued at $36,000 after purchasing an additional 4,389 shares during the period. Los Angeles Capital Management LLC bought a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $68,000. Savvy Advisors Inc. bought a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $135,000. Finally, Bessemer Group Inc. acquired a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at about $92,000. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

ILPT stock opened at $5.52 on Friday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 3.53 and a current ratio of 3.53. The business has a 50-day simple moving average of $5.59 and a two-hundred day simple moving average of $5.16. The company has a market capitalization of $367.96 million, a P/E ratio of -4.09 and a beta of 2.41. Industrial Logistics Properties Trust has a 52-week low of $2.45 and a 52-week high of $6.57.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings data on Tuesday, October 28th. The company reported ($0.33) EPS for the quarter, missing the consensus estimate of $0.26 by ($0.59). The company had revenue of $110.94 million during the quarter, compared to analysts’ expectations of $111.93 million. Industrial Logistics Properties Trust had a negative return on equity of 9.20% and a negative net margin of 19.87%.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were paid a dividend of $0.05 per share. The ex-dividend date was Monday, October 27th. This represents a $0.20 annualized dividend and a yield of 3.6%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -14.81%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Friday, October 31st. Zacks Research raised Industrial Logistics Properties Trust from a “strong sell” rating to a “hold” rating in a research report on Friday, October 3rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $5.00.

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.