Nomura Asset Management Co. Ltd. Lowers Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Nomura Asset Management Co. Ltd. decreased its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 5.3% in the fourth quarter, Holdings Channel.com reports. The fund owned 70,900 shares of the company’s stock after selling 4,000 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Industrial Logistics Properties Trust were worth $259,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of ILPT. JPMorgan Chase & Co. lifted its stake in Industrial Logistics Properties Trust by 1.2% in the 4th quarter. JPMorgan Chase & Co. now owns 228,653 shares of the company’s stock worth $835,000 after purchasing an additional 2,715 shares in the last quarter. FMR LLC lifted its position in shares of Industrial Logistics Properties Trust by 16.9% in the third quarter. FMR LLC now owns 25,067 shares of the company’s stock worth $119,000 after buying an additional 3,632 shares in the last quarter. EMC Capital Management boosted its stake in Industrial Logistics Properties Trust by 65.2% during the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after buying an additional 5,255 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Industrial Logistics Properties Trust by 62.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after buying an additional 6,785 shares in the last quarter. Finally, MetLife Investment Management LLC grew its holdings in Industrial Logistics Properties Trust by 42.9% during the 3rd quarter. MetLife Investment Management LLC now owns 26,326 shares of the company’s stock valued at $125,000 after buying an additional 7,901 shares in the last quarter. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Stock Down 7.5 %

Shares of ILPT opened at $3.20 on Friday. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53. The stock has a market capitalization of $211.66 million, a price-to-earnings ratio of -2.19 and a beta of 1.99. Industrial Logistics Properties Trust has a 1 year low of $3.15 and a 1 year high of $5.45. The business’s 50 day simple moving average is $3.76 and its 200-day simple moving average is $3.87.

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

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Investors of record on Monday, January 27th were issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date was Monday, January 27th. Industrial Logistics Properties Trust’s payout ratio is -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.