Bright Futures Wealth Management LLC. Takes Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Bright Futures Wealth Management LLC. purchased a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,359 shares of the company’s stock, valued at approximately $83,000.

Other institutional investors have also bought and sold shares of the company. Fifth Lane Capital LP acquired a new stake in Industrial Logistics Properties Trust in the first quarter worth about $49,000. Mesirow Financial Investment Management Inc. acquired a new stake in Industrial Logistics Properties Trust in the first quarter worth about $58,000. SG Americas Securities LLC acquired a new stake in Industrial Logistics Properties Trust in the first quarter worth about $59,000. Cetera Advisors LLC lifted its holdings in Industrial Logistics Properties Trust by 68.0% in the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after purchasing an additional 7,413 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in Industrial Logistics Properties Trust in the fourth quarter worth about $86,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

NASDAQ ILPT traded up $0.08 on Friday, reaching $4.95. The company’s stock had a trading volume of 637,315 shares, compared to its average volume of 728,475. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.45. The company has a debt-to-equity ratio of 3.96, a quick ratio of 4.77 and a current ratio of 5.09. The stock has a market cap of $326.60 million, a PE ratio of -3.02 and a beta of 1.79. The firm’s 50 day moving average is $4.06 and its two-hundred day moving average is $4.00.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be issued a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Monday, July 22nd. Industrial Logistics Properties Trust’s payout ratio is -2.44%.

Wall Street Analyst Weigh In

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd.

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.