Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Sold by Corsair Capital Management L.P.

Corsair Capital Management L.P. lowered its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 4.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,251 shares of the company’s stock after selling 8,780 shares during the period. Corsair Capital Management L.P. owned about 0.26% of Industrial Logistics Properties Trust worth $834,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Industrial Logistics Properties Trust by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock valued at $3,091,000 after purchasing an additional 9,382 shares during the period. Thrivent Financial for Lutherans lifted its holdings in Industrial Logistics Properties Trust by 10.9% in the third quarter. Thrivent Financial for Lutherans now owns 471,092 shares of the company’s stock worth $2,242,000 after purchasing an additional 46,214 shares during the period. Renaissance Technologies LLC grew its position 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 valued at $1,672,000 after buying an additional 281,500 shares in the last quarter. DigitalBridge Group Inc. increased its stake in Industrial Logistics Properties Trust by 2.8% during the 2nd quarter. DigitalBridge Group Inc. now owns 396,243 shares of the company’s stock valued at $1,458,000 after buying an additional 10,744 shares during the period. Finally, GSA Capital Partners LLP lifted its stake in shares of Industrial Logistics Properties Trust by 17.2% in the 3rd quarter. GSA Capital Partners LLP now owns 362,592 shares of the company’s stock worth $1,726,000 after acquiring an additional 53,283 shares during the period. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Down 1.0 %

NASDAQ ILPT opened at $3.77 on Wednesday. The company has a market capitalization of $249.35 million, a P/E ratio of -2.40 and a beta of 1.82. Industrial Logistics Properties Trust has a 12 month low of $3.00 and a 12 month high of $5.45. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. The company’s 50 day simple moving average is $4.16 and its 200 day simple moving average is $4.28.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.55%.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their price objective on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

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.