Union Square Park Capital Management LLC Boosts Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Union Square Park Capital Management LLC increased its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 40.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,200,000 shares of the company’s stock after buying an additional 343,749 shares during the period. Industrial Logistics Properties Trust accounts for about 2.8% of Union Square Park Capital Management LLC’s portfolio, making the stock its 14th largest position. Union Square Park Capital Management LLC’s holdings in Industrial Logistics Properties Trust were worth $4,380,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in ILPT. ProShare Advisors LLC increased its position in Industrial Logistics Properties Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,388 shares of the company’s stock valued at $67,000 after purchasing an additional 6,051 shares during the period. D. E. Shaw & Co. Inc. increased its position in Industrial Logistics Properties Trust by 1.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 1,574,742 shares of the company’s stock valued at $5,748,000 after purchasing an additional 19,995 shares during the period. DigitalBridge Group Inc. boosted its holdings in shares of Industrial Logistics Properties Trust by 20.0% in the 4th quarter. DigitalBridge Group Inc. now owns 456,225 shares of the company’s stock valued at $1,665,000 after buying an additional 76,000 shares in the last quarter. CastleKnight Management LP boosted its holdings in shares of Industrial Logistics Properties Trust by 22.9% in the 4th quarter. CastleKnight Management LP now owns 1,818,213 shares of the company’s stock valued at $6,636,000 after buying an additional 338,435 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Industrial Logistics Properties Trust by 27.7% in the 4th quarter. Bank of America Corp DE now owns 80,111 shares of the company’s stock valued at $292,000 after buying an additional 17,391 shares in the last quarter. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 0.3%

NASDAQ:ILPT opened at $3.45 on Tuesday. Industrial Logistics Properties Trust has a fifty-two week low of $2.45 and a fifty-two week high of $5.45. The stock has a market capitalization of $228.19 million, a P/E ratio of -2.36 and a beta of 2.14. The company has a debt-to-equity ratio of 4.26, a quick ratio of 4.53 and a current ratio of 4.84. The company’s 50-day simple moving average is $3.07 and its 200-day simple moving average is $3.49.

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

Industrial Logistics Properties Trust Dividend Announcement

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

Analysts Set New Price Targets

Separately, B. Riley initiated coverage on shares of Industrial Logistics Properties Trust in a report on Friday, May 9th. They issued a “buy” rating and a $5.00 price target on the stock.

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.