Anson Funds Management LP Sells 61,683 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Anson Funds Management LP reduced its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 10.0% in the third quarter, HoldingsChannel.com reports. The fund owned 557,444 shares of the company’s stock after selling 61,683 shares during the quarter. Anson Funds Management LP’s holdings in Industrial Logistics Properties Trust were worth $2,653,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in ILPT. Intech Investment Management LLC bought a new stake in shares of Industrial Logistics Properties Trust during the 3rd quarter worth $71,000. Cetera Advisors LLC boosted its position in Industrial Logistics Properties Trust by 68.0% during the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after buying an additional 7,413 shares during the period. BNP Paribas Financial Markets boosted its position in Industrial Logistics Properties Trust by 62.8% during the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after buying an additional 6,785 shares during the period. Mackenzie Financial Corp purchased a new stake in Industrial Logistics Properties Trust during the second quarter valued at about $85,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Industrial Logistics Properties Trust during the second quarter valued at about $98,000. 49.08% of the stock is owned by institutional investors.

Industrial Logistics Properties Trust Stock Performance

NASDAQ ILPT opened at $3.55 on Friday. The company has a 50-day simple moving average of $3.97 and a two-hundred day simple moving average of $4.25. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45. The firm has a market cap of $234.80 million, a price-to-earnings ratio of -2.26 and a beta of 1.83.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Shareholders of record on Monday, October 28th were given a dividend of $0.01 per share. The ex-dividend date of this dividend was Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 1.13%. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

About Industrial Logistics Properties Trust

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.