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

Thrivent Financial for Lutherans grew its stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 10.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 471,092 shares of the company’s stock after buying an additional 46,214 shares during the quarter. Thrivent Financial for Lutherans owned 0.71% of Industrial Logistics Properties Trust worth $2,242,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of ILPT. Renaissance Technologies LLC lifted its holdings in Industrial Logistics Properties Trust by 162.9% in the second quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock worth $1,672,000 after buying an additional 281,500 shares during the period. Bank of New York Mellon Corp bought a new stake in Industrial Logistics Properties Trust in the 2nd quarter worth approximately $741,000. Deerfield Management Company L.P. Series C bought a new stake in Industrial Logistics Properties Trust in the 2nd quarter worth approximately $542,000. Macroview Investment Management LLC bought a new stake in shares of Industrial Logistics Properties Trust during the 3rd quarter valued at $527,000. Finally, Rhumbline Advisers grew its position in shares of Industrial Logistics Properties Trust by 499.3% during the 2nd quarter. Rhumbline Advisers now owns 101,945 shares of the company’s stock valued at $375,000 after acquiring an additional 84,933 shares during the period. 49.08% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley boosted their price target on shares of Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, August 5th.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ:ILPT opened at $3.86 on Thursday. The firm has a market cap of $255.30 million, a PE ratio of -2.40 and a beta of 1.82. The firm’s 50 day simple moving average is $4.16 and its 200-day simple moving average is $4.28. Industrial Logistics Properties Trust has a one year low of $3.08 and a one year high of $5.45. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.04%. The ex-dividend date was Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

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.