Hillsdale Investment Management Inc. Takes $351,000 Position in Industrial Logistics Properties Trust $ILPT

Hillsdale Investment Management Inc. bought a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the 4th quarter, Holdings Channel.com reports. The fund bought 63,300 shares of the company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ILPT. Strs Ohio acquired a new stake in shares of Industrial Logistics Properties Trust in the 1st quarter valued at $42,000. Rhumbline Advisers increased its stake in shares of Industrial Logistics Properties Trust by 16.3% in the 2nd quarter. Rhumbline Advisers now owns 95,564 shares of the company’s stock valued at $435,000 after buying an additional 13,418 shares during the period. XTX Topco Ltd acquired a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at $200,000. Marshall Wace LLP increased its stake in shares of Industrial Logistics Properties Trust by 163.9% in the 2nd quarter. Marshall Wace LLP now owns 84,725 shares of the company’s stock valued at $385,000 after buying an additional 52,623 shares during the period. Finally, Jump Financial LLC acquired a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at $188,000. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Stock Down 2.6%

NASDAQ:ILPT opened at $8.74 on Tuesday. Industrial Logistics Properties Trust has a 12-month low of $3.18 and a 12-month high of $9.15. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 4.74. The firm has a market capitalization of $582.65 million, a P/E ratio of -10.66 and a beta of 2.47. The stock’s fifty day simple moving average is $7.01 and its 200-day simple moving average is $6.16.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) 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 business had revenue of $116.42 million for the quarter, compared to analyst estimates of $114.82 million. Equities research analysts expect that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current year.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were issued 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 payout ratio is currently -24.39%.

Analyst Ratings Changes

ILPT has been the subject of several research reports. Weiss Ratings cut Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday. Zacks Research cut Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Industrial Logistics Properties Trust in a research note on Thursday, April 23rd. Wall Street Zen upgraded Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Loop Capital set a $7.40 price target on Industrial Logistics Properties Trust in a research report on Tuesday, March 3rd. One investment 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. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $7.40.

About Industrial Logistics Properties Trust

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.