Gateway Wealth Partners LLC Takes $3.22 Million Position in Industrial Logistics Properties Trust $ILPT

Gateway Wealth Partners LLC acquired a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 552,930 shares of the company’s stock, valued at approximately $3,224,000. Gateway Wealth Partners LLC owned approximately 0.83% of Industrial Logistics Properties Trust as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of Industrial Logistics Properties Trust by 582.0% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 15,687 shares of the company’s stock worth $91,000 after acquiring an additional 13,387 shares during the last quarter. Resona Asset Management Co. Ltd. grew its holdings in shares of Industrial Logistics Properties Trust by 17.8% in the third quarter. Resona Asset Management Co. Ltd. now owns 26,262 shares of the company’s stock valued at $155,000 after purchasing an additional 3,964 shares during the period. Bailard Inc. acquired a new stake in Industrial Logistics Properties Trust during the third quarter worth about $869,000. Register Financial Advisors LLC raised its stake in Industrial Logistics Properties Trust by 4.2% during the third quarter. Register Financial Advisors LLC now owns 49,509 shares of the company’s stock worth $289,000 after purchasing an additional 2,012 shares during the period. Finally, D.A. Davidson & CO. purchased a new position in Industrial Logistics Properties Trust during the third quarter worth about $225,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Up 3.3%

Industrial Logistics Properties Trust stock opened at $5.59 on Friday. The company has a market capitalization of $372.63 million, a PE ratio of -4.14 and a beta of 2.48. The company has a debt-to-equity ratio of 4.59, a quick ratio of 3.53 and a current ratio of 3.53. Industrial Logistics Properties Trust has a fifty-two week low of $2.45 and a fifty-two week high of $6.57. The firm has a 50 day moving average price of $5.63 and a 200 day moving average price of $5.70.

Industrial Logistics Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 19th. Investors of record on Monday, January 26th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a $0.20 annualized dividend and a yield of 3.6%. Industrial Logistics Properties Trust’s dividend payout ratio is presently -14.81%.

Analyst Ratings Changes

Several research firms have recently weighed in on ILPT. Weiss Ratings reissued a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, January 28th. Zacks Research lowered Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Industrial Logistics Properties Trust Company 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.