GSA Capital Partners LLP Grows Stock Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

GSA Capital Partners LLP raised its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 17.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 362,592 shares of the company’s stock after purchasing an additional 53,283 shares during the quarter. GSA Capital Partners LLP owned 0.55% of Industrial Logistics Properties Trust worth $1,726,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in ILPT. Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 281,500 shares in the last quarter. Bank of New York Mellon Corp purchased a new stake in Industrial Logistics Properties Trust in the 2nd quarter valued at approximately $741,000. Deerfield Management Company L.P. Series C purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth approximately $542,000. Macroview Investment Management LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the 3rd quarter worth approximately $527,000. Finally, Rhumbline Advisers boosted its stake in shares of Industrial Logistics Properties Trust by 499.3% during the 2nd quarter. Rhumbline Advisers now owns 101,945 shares of the company’s stock worth $375,000 after acquiring an additional 84,933 shares in the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ:ILPT opened at $3.58 on Wednesday. The business’s 50 day simple moving average is $4.41 and its 200-day simple moving average is $4.30. The firm has a market capitalization of $236.78 million, a price-to-earnings ratio of -2.28 and a beta of 1.82. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. Industrial Logistics Properties Trust has a 12 month low of $2.61 and a 12 month high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.12%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.55%.

Analysts Set New Price Targets

Separately, B. Riley boosted their price target 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.

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.