Industrial Logistics Properties Trust (NASDAQ:ILPT) Position Raised by EMC Capital Management

EMC Capital Management lifted its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 65.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 13,319 shares of the company’s stock after acquiring an additional 5,255 shares during the period. EMC Capital Management’s holdings in Industrial Logistics Properties Trust were worth $49,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of ILPT. Dimensional Fund Advisors LP grew its position in Industrial Logistics Properties Trust by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock worth $3,091,000 after purchasing an additional 9,382 shares during the last quarter. Renaissance Technologies LLC grew its holdings in Industrial Logistics Properties Trust by 162.9% in the 2nd quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock worth $1,672,000 after buying an additional 281,500 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Industrial Logistics Properties Trust by 14.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 424,878 shares of the company’s stock valued at $1,563,000 after acquiring an additional 53,787 shares during the period. The Manufacturers Life Insurance Company bought a new stake in Industrial Logistics Properties Trust during the 2nd quarter valued at $98,000. Finally, Mackenzie Financial Corp acquired a new position in Industrial Logistics Properties Trust during the 2nd quarter worth $85,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT opened at $3.97 on Friday. Industrial Logistics Properties Trust has a one year low of $3.15 and a one year high of $5.45. The stock’s fifty day moving average is $3.65 and its 200-day moving average is $4.22. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. The firm has a market capitalization of $262.58 million, a price-to-earnings ratio of -2.53 and a beta of 1.83.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Tuesday, October 29th. The company reported ($0.38) EPS for the quarter, missing the consensus estimate of $0.12 by ($0.50). The company had revenue of $108.95 million for the quarter, compared to analyst estimates of $110.19 million. Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%. During the same period in the previous year, the business posted $0.12 EPS.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be issued a dividend of $0.01 per share. The ex-dividend date is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.01%. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

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.