Householder Group Estate & Retirement Specialist LLC Sells 7,406 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Householder Group Estate & Retirement Specialist LLC decreased its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) by 1.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 530,284 shares of the company’s stock after selling 7,406 shares during the period. Industrial Logistics Properties Trust makes up 1.4% of Householder Group Estate & Retirement Specialist LLC’s holdings, making the stock its 14th biggest position. Householder Group Estate & Retirement Specialist LLC owned 0.80% of Industrial Logistics Properties Trust worth $1,935,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ILPT. Bank of New York Mellon Corp bought a new position in Industrial Logistics Properties Trust during the second quarter worth about $741,000. Rhumbline Advisers increased its holdings in shares of Industrial Logistics Properties Trust by 499.3% during the second quarter. Rhumbline Advisers now owns 101,945 shares of the company’s stock worth $375,000 after purchasing an additional 84,933 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Industrial Logistics Properties Trust by 1.1% in the second quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock valued at $3,091,000 after buying an additional 9,382 shares in the last quarter. Renaissance Technologies LLC boosted its stake in shares of Industrial Logistics Properties Trust by 162.9% in the second quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock valued at $1,672,000 after buying an additional 281,500 shares during the period. Finally, Thrivent Financial for Lutherans grew its position in Industrial Logistics Properties Trust by 14.5% during the second quarter. Thrivent Financial for Lutherans now owns 424,878 shares of the company’s stock worth $1,563,000 after buying an additional 53,787 shares in the last quarter. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.58 on Friday. The stock’s fifty day moving average price is $3.61 and its two-hundred day moving average price is $4.21. The firm has a market cap of $236.78 million, a PE ratio of -2.28 and a beta of 1.83. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. Industrial Logistics Properties Trust has a one year low of $3.15 and a one year high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date is Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

About Industrial Logistics Properties Trust

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.