Silver Oak Securities Incorporated Invests $65,000 in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Silver Oak Securities Incorporated purchased a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 18,058 shares of the company’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. EMC Capital Management raised its position in shares of Industrial Logistics Properties Trust by 65.2% in the 4th 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 in the last quarter. Intech Investment Management LLC bought a new position in Industrial Logistics Properties Trust in the third quarter valued at approximately $71,000. Caprock Group LLC acquired a new position in Industrial Logistics Properties Trust during the fourth quarter valued at approximately $56,000. BNP Paribas Financial Markets lifted its stake in Industrial Logistics Properties Trust by 62.8% during the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after purchasing an additional 6,785 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Industrial Logistics Properties Trust by 16.9% in the 3rd quarter. FMR LLC now owns 25,067 shares of the company’s stock valued at $119,000 after purchasing an additional 3,632 shares in the last quarter. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.92 on Monday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. Industrial Logistics Properties Trust has a 52 week low of $3.15 and a 52 week high of $5.45. The stock has a market capitalization of $259.27 million, a P/E ratio of -2.50 and a beta of 1.84. The stock has a fifty day moving average of $3.66 and a 200-day moving average of $4.18.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Monday, January 27th. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

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.