Union Square Park Capital Management LLC Grows Stock Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Union Square Park Capital Management LLC increased its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 40.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,200,000 shares of the company’s stock after purchasing an additional 343,749 shares during the period. Industrial Logistics Properties Trust makes up 2.8% of Union Square Park Capital Management LLC’s investment portfolio, making the stock its 14th largest holding. Union Square Park Capital Management LLC owned 1.81% of Industrial Logistics Properties Trust worth $4,380,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ILPT. First Trust Advisors LP purchased a new stake in Industrial Logistics Properties Trust during the fourth quarter valued at approximately $39,000. EMC Capital Management boosted its position in shares of Industrial Logistics Properties Trust by 65.2% in the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock worth $49,000 after purchasing an additional 5,255 shares during the period. Caprock Group LLC bought a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth approximately $56,000. Silver Oak Securities Incorporated bought a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth approximately $65,000. Finally, ProShare Advisors LLC boosted its position in shares of Industrial Logistics Properties Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 18,388 shares of the company’s stock worth $67,000 after purchasing an additional 6,051 shares during the period. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ:ILPT opened at $3.45 on Tuesday. 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 firm has a fifty day moving average price of $3.07 and a 200 day moving average price of $3.49. Industrial Logistics Properties Trust has a fifty-two week low of $2.45 and a fifty-two week high of $5.45. The firm has a market cap of $228.19 million, a price-to-earnings ratio of -2.36 and a beta of 2.14.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share 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 firm had revenue of $111.91 million during the quarter.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.16%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -2.80%.

Analyst Upgrades and Downgrades

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

Industrial Logistics Properties Trust 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.