US Asset Management LLC Buys New Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

US Asset Management LLC bought a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 37,050 shares of the company’s stock, valued at approximately $174,000. US Asset Management LLC owned about 0.06% of Industrial Logistics Properties Trust as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. EMC Capital Management boosted its position in Industrial Logistics Properties Trust by 190.3% in the third quarter. EMC Capital Management now owns 11,213 shares of the company’s stock worth $32,000 after purchasing an additional 7,350 shares during the last quarter. Belpointe Asset Management LLC purchased a new position in Industrial Logistics Properties Trust in the third quarter worth $58,000. Nisa Investment Advisors LLC boosted its position in Industrial Logistics Properties Trust by 21.0% in the third quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock worth $73,000 after purchasing an additional 4,370 shares during the last quarter. Meixler Investment Management Ltd. purchased a new position in Industrial Logistics Properties Trust in the third quarter worth $79,000. Finally, Jump Financial LLC boosted its position in Industrial Logistics Properties Trust by 199.7% in the third quarter. Jump Financial LLC now owns 64,631 shares of the company’s stock worth $187,000 after purchasing an additional 43,063 shares during the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT traded up $0.08 during mid-day trading on Thursday, hitting $4.03. The stock had a trading volume of 258,525 shares, compared to its average volume of 382,757. The firm has a market cap of $265.30 million, a P/E ratio of -2.46 and a beta of 1.76. The business has a fifty day moving average price of $3.93 and a 200-day moving average price of $3.83. The company has a debt-to-equity ratio of 3.84, a current ratio of 4.77 and a quick ratio of 4.77. Industrial Logistics Properties Trust has a 52 week low of $1.64 and a 52 week high of $4.88.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.99%. Industrial Logistics Properties Trust’s payout ratio is -2.44%.

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.