GSA Capital Partners LLP Raises Stock Holdings in Industrial Logistics Properties Trust $ILPT

GSA Capital Partners LLP grew its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 70.9% during the 4th quarter, Holdings Channel reports. The fund owned 175,973 shares of the company’s stock after acquiring an additional 73,033 shares during the period. GSA Capital Partners LLP’s holdings in Industrial Logistics Properties Trust were worth $975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quarry LP purchased a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at $28,000. Advisory Services Network LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at $34,000. Strs Ohio purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter valued at $42,000. Retirement Planning Co of New England Inc. purchased a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at $56,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Industrial Logistics Properties Trust by 429.2% in the second quarter. Tower Research Capital LLC TRC now owns 17,188 shares of the company’s stock valued at $78,000 after acquiring an additional 13,940 shares in the last quarter. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ILPT has been the topic of several recent research reports. B. Riley Financial restated a “buy” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday, April 23rd. Loop Capital set a $7.40 price objective on Industrial Logistics Properties Trust in a research report on Tuesday, March 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research report on Monday, April 27th. Finally, Zacks Research downgraded Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Industrial Logistics Properties Trust presently has an average rating of “Hold” and an average target price of $7.40.

Industrial Logistics Properties Trust Stock Performance

NASDAQ ILPT opened at $8.68 on Friday. The business’s 50-day moving average price is $6.65 and its 200 day moving average price is $6.00. Industrial Logistics Properties Trust has a twelve month low of $3.01 and a twelve month high of $8.89. The company has a market capitalization of $578.70 million, a PE ratio of -10.59 and a beta of 2.47. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 4.74.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $114.82 million. On average, research analysts predict that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current year.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were given a dividend of $0.05 per share. The ex-dividend date was Tuesday, April 21st. This represents a $0.20 annualized dividend and a yield of 2.3%. Industrial Logistics Properties Trust’s dividend payout ratio is -24.39%.

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.