Mitsubishi UFJ Asset Management Co. Ltd. Has $175,000 Stake in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 37,652 shares of the company’s stock after purchasing an additional 8,262 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.06% of Industrial Logistics Properties Trust worth $175,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of ILPT. Nisa Investment Advisors LLC lifted its stake in Industrial Logistics Properties Trust by 21.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock worth $73,000 after acquiring an additional 4,370 shares in the last quarter. Principal Financial Group Inc. grew its position in Industrial Logistics Properties Trust by 54.8% during the third quarter. Principal Financial Group Inc. now owns 65,667 shares of the company’s stock valued at $190,000 after purchasing an additional 23,244 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Industrial Logistics Properties Trust by 27.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,400 shares of the company’s stock valued at $221,000 after buying an additional 16,300 shares during the period. Meixler Investment Management Ltd. purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter worth approximately $79,000. Finally, Jump Financial LLC boosted its stake in shares of Industrial Logistics Properties Trust by 199.7% during the 3rd quarter. Jump Financial LLC now owns 64,631 shares of the company’s stock valued at $187,000 after buying an additional 43,063 shares during the period. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Trading Down 1.2 %

NASDAQ ILPT opened at $3.85 on Friday. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84. Industrial Logistics Properties Trust has a 1-year low of $1.71 and a 1-year high of $4.88. The firm’s fifty day simple moving average is $3.97 and its 200-day simple moving average is $3.94. The company has a market capitalization of $253.12 million, a PE ratio of -2.34 and a beta of 1.76.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a $0.01 dividend. The ex-dividend date of this dividend was Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a yield of 1.04%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -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.