Voya Investment Management LLC Lowers Holdings in Industrial Logistics Properties Trust $ILPT

Voya Investment Management LLC decreased its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 14.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,528 shares of the company’s stock after selling 3,285 shares during the quarter. Voya Investment Management LLC’s holdings in Industrial Logistics Properties Trust were worth $67,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. grew its holdings in shares of Industrial Logistics Properties Trust by 14.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 25,558 shares of the company’s stock worth $89,000 after purchasing an additional 3,280 shares during the period. ProShare Advisors LLC lifted its position in Industrial Logistics Properties Trust by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 18,388 shares of the company’s stock worth $67,000 after acquiring an additional 6,051 shares in the last quarter. MetLife Investment Management LLC lifted its position in Industrial Logistics Properties Trust by 34.6% during the 1st quarter. MetLife Investment Management LLC now owns 33,580 shares of the company’s stock worth $116,000 after acquiring an additional 8,632 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Industrial Logistics Properties Trust during the 1st quarter worth approximately $34,000. Finally, Single Point Partners LLC acquired a new position in Industrial Logistics Properties Trust during the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Insider Activity

In other Industrial Logistics Properties Trust news, Director Kevin C. Phelan purchased 5,000 shares of the firm’s stock in a transaction dated Thursday, July 31st. The stock was bought at an average price of $5.43 per share, with a total value of $27,150.00. Following the completion of the purchase, the director owned 15,500 shares in the company, valued at $84,165. This trade represents a 47.62% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Zacks Research lowered Industrial Logistics Properties Trust from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $5.00.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT opened at $5.55 on Thursday. The company has a market cap of $368.19 million, a P/E ratio of -3.96 and a beta of 2.43. The stock has a fifty day moving average price of $5.94 and a 200 day moving average price of $4.45. The company has a debt-to-equity ratio of 4.43, a current ratio of 4.13 and a quick ratio of 4.13. Industrial Logistics Properties Trust has a 12 month low of $2.45 and a 12 month high of $6.57.

Industrial Logistics Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 14th. Investors of record on Monday, July 21st were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, July 21st. This is an increase from Industrial Logistics Properties Trust’s previous quarterly dividend of $0.01. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -14.29%.

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.