Thrivent Financial for Lutherans Grows Stock Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Thrivent Financial for Lutherans boosted its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) by 28.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 603,250 shares of the company's stock after buying an additional 132,158 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.91% of Industrial Logistics Properties Trust worth $2,202,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. EMC Capital Management boosted its holdings 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 valued at $49,000 after purchasing an additional 5,255 shares during the period. Caprock Group LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the 4th quarter worth $56,000. Silver Oak Securities Incorporated bought a new position in shares of Industrial Logistics Properties Trust during the 4th quarter worth $65,000. Intech Investment Management LLC bought a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth $71,000. Finally, BNP Paribas Financial Markets increased its stake in shares of 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. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Stock Down 1.4 %

NASDAQ:ILPT traded down $0.05 during mid-day trading on Wednesday, reaching $3.46. The company's stock had a trading volume of 281,504 shares, compared to its average volume of 450,889. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26. The firm has a market capitalization of $228.86 million, a PE ratio of -2.37 and a beta of 1.99. The stock has a fifty day moving average of $3.77 and a 200-day moving average of $3.88. Industrial Logistics Properties Trust has a 1 year low of $3.15 and a 1 year high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The company reported $0.13 earnings per share (EPS) for the quarter. The firm had revenue of $110.52 million for the quarter. Industrial Logistics Properties Trust had a negative net margin of 21.63% and a negative return on equity of 8.98%.

Industrial Logistics Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Monday, January 27th were issued a $0.01 dividend. The ex-dividend date was Monday, January 27th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.16%. Industrial Logistics Properties Trust's dividend payout ratio is presently -2.74%.

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.