Industrial Logistics Properties Trust $ILPT Shares Sold by Flat Footed LLC

Flat Footed LLC lowered its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 15.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,435,087 shares of the company’s stock after selling 265,505 shares during the period. Industrial Logistics Properties Trust comprises about 0.9% of Flat Footed LLC’s portfolio, making the stock its 11th largest holding. Flat Footed LLC’s holdings in Industrial Logistics Properties Trust were worth $8,151,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ILPT. Strs Ohio purchased a new position in Industrial Logistics Properties Trust during the first quarter valued at approximately $42,000. Rhumbline Advisers boosted its position in Industrial Logistics Properties Trust by 16.3% in the 2nd quarter. Rhumbline Advisers now owns 95,564 shares of the company’s stock worth $435,000 after purchasing an additional 13,418 shares in the last quarter. XTX Topco Ltd purchased a new stake in Industrial Logistics Properties Trust in the 2nd quarter worth approximately $200,000. Marshall Wace LLP grew its stake in shares of Industrial Logistics Properties Trust by 163.9% during the 2nd quarter. Marshall Wace LLP now owns 84,725 shares of the company’s stock worth $385,000 after purchasing an additional 52,623 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth approximately $188,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Analysts Set New Price Targets

ILPT has been the subject of several recent research reports. Wall Street Zen raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Loop Capital set a $11.50 price target on shares of Industrial Logistics Properties Trust in a report on Wednesday. B. Riley Financial restated a “buy” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday, April 23rd. Weiss Ratings cut shares of Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Finally, Zacks Research cut shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $11.50.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $9.20 on Monday. The company has a debt-to-equity ratio of 4.74, a current ratio of 4.24 and a quick ratio of 4.24. The company has a market cap of $613.36 million, a price-to-earnings ratio of -11.22 and a beta of 2.50. The stock has a 50 day simple moving average of $8.77 and a 200-day simple moving average of $7.06. Industrial Logistics Properties Trust has a 1-year low of $4.92 and a 1-year high of $9.43.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.20) by $0.06. Industrial Logistics Properties Trust had a negative return on equity of 5.93% and a negative net margin of 11.93%.The firm had revenue of $116.42 million for the quarter, compared to analyst estimates of $114.82 million. On average, equities research analysts expect that Industrial Logistics Properties Trust will post 1.34 EPS for the current fiscal year.

Industrial Logistics Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Shareholders of record on Monday, July 20th will be given a dividend of $0.10 per share. This is a boost from Industrial Logistics Properties Trust’s previous quarterly dividend of $0.05. This represents a $0.40 dividend on an annualized basis and a yield of 4.3%. The ex-dividend date is Monday, July 20th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -48.78%.

Industrial Logistics Properties Trust Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.