D. E. Shaw & Co. Inc. Has $5.75 Million Stock Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

D. E. Shaw & Co. Inc. boosted its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 1.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,574,742 shares of the company’s stock after buying an additional 19,995 shares during the quarter. D. E. Shaw & Co. Inc. owned approximately 2.38% of Industrial Logistics Properties Trust worth $5,748,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ILPT. Franklin Resources Inc. bought a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth approximately $501,000. JPMorgan Chase & Co. boosted its stake in shares of Industrial Logistics Properties Trust by 375.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 225,938 shares of the company’s stock worth $1,075,000 after acquiring an additional 178,381 shares during the period. EMC Capital Management boosted its stake in shares of Industrial Logistics Properties Trust by 65.2% during the 4th quarter. EMC Capital Management now owns 13,319 shares of the company’s stock worth $49,000 after acquiring an additional 5,255 shares during the period. Caprock Group LLC bought a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth approximately $56,000. Finally, Silver Oak Securities Incorporated bought a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth approximately $65,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.46 on Friday. The company has a debt-to-equity ratio of 4.26, a quick ratio of 4.53 and a current ratio of 4.84. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $5.45. The stock has a market capitalization of $228.85 million, a P/E ratio of -2.37 and a beta of 2.14. The stock has a fifty day moving average of $3.07 and a 200-day moving average of $3.49.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%. The company had revenue of $111.91 million during the quarter.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a $0.01 dividend. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.16%. Industrial Logistics Properties Trust’s payout ratio is presently -2.80%.

Wall Street Analyst Weigh In

Separately, B. Riley started coverage on Industrial Logistics Properties Trust in a research note on Friday, May 9th. They issued a “buy” rating and a $5.00 price target for the company.

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.