Sumitomo Mitsui Trust Group Inc. Sells 3,535 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Sumitomo Mitsui Trust Group Inc. lowered its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 5.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 59,927 shares of the company’s stock after selling 3,535 shares during the quarter. Sumitomo Mitsui Trust Group Inc. owned about 0.09% of Industrial Logistics Properties Trust worth $219,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. EMC Capital Management grew its position in Industrial Logistics Properties Trust by 65.2% in the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock worth $49,000 after acquiring an additional 5,255 shares in the last quarter. Caprock Group LLC purchased a new position in Industrial Logistics Properties Trust in the fourth quarter worth $56,000. Silver Oak Securities Incorporated purchased a new position in Industrial Logistics Properties Trust in the fourth quarter worth $65,000. Intech Investment Management LLC purchased a new position in Industrial Logistics Properties Trust in the third quarter worth $71,000. Finally, BNP Paribas Financial Markets grew its position in Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after acquiring an additional 6,785 shares in the last quarter. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 1.0 %

Shares of NASDAQ:ILPT opened at $4.01 on Friday. Industrial Logistics Properties Trust has a 52-week low of $3.15 and a 52-week high of $5.45. The firm has a fifty day moving average of $3.69 and a 200 day moving average of $4.15. The firm has a market capitalization of $265.22 million, a PE ratio of -2.55 and a beta of 1.84. 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 Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a $0.04 annualized dividend and a yield of 1.00%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -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.