HTLF Bank Makes New Investment in Industrial Logistics Properties Trust (NASDAQ:ILPT)

HTLF Bank purchased a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the fourth quarter, HoldingsChannel reports. The firm purchased 1,148,563 shares of the company’s stock, valued at approximately $5,398,000.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in Industrial Logistics Properties Trust by 3.2% during the third quarter. Vanguard Group Inc. now owns 10,867,771 shares of the company’s stock valued at $59,773,000 after purchasing an additional 335,617 shares during the period. State Street Corp boosted its position in shares of Industrial Logistics Properties Trust by 1.1% during the second quarter. State Street Corp now owns 4,219,783 shares of the company’s stock worth $59,415,000 after purchasing an additional 46,351 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Industrial Logistics Properties Trust by 10.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,105,821 shares of the company’s stock valued at $6,086,000 after buying an additional 199,879 shares during the period. Balyasny Asset Management L.P. increased its position in shares of Industrial Logistics Properties Trust by 32.1% in the 1st quarter. Balyasny Asset Management L.P. now owns 1,687,723 shares of the company’s stock valued at $5,181,000 after buying an additional 409,811 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Industrial Logistics Properties Trust by 1.6% in the 1st quarter. Geode Capital Management LLC now owns 1,441,950 shares of the company’s stock valued at $4,427,000 after buying an additional 22,439 shares in the last quarter. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Trading Up 2.8 %

ILPT stock traded up $0.10 during midday trading on Friday, hitting $3.71. 176,588 shares of the company’s stock were exchanged, compared to its average volume of 362,559. Industrial Logistics Properties Trust has a one year low of $1.64 and a one year high of $4.88. The company has a debt-to-equity ratio of 3.71, a quick ratio of 5.04 and a current ratio of 5.04. The company has a market cap of $244.27 million, a PE ratio of -2.19 and a beta of 1.73. The stock’s fifty day moving average price is $3.95 and its 200-day moving average price is $3.69.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be given a $0.01 dividend. The ex-dividend date is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 1.08%. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.41%.

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.