TIAA CREF Investment Management LLC Has $989,000 Position in Industrial Logistics Properties Trust (ILPT)

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TIAA CREF Investment Management LLC decreased its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,982 shares of the company’s stock after selling 10,577 shares during the quarter. TIAA CREF Investment Management LLC owned 0.07% of Industrial Logistics Properties Trust worth $989,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Acadian Asset Management LLC acquired a new stake in Industrial Logistics Properties Trust in the third quarter valued at approximately $145,000. Renaissance Technologies LLC acquired a new stake in Industrial Logistics Properties Trust in the third quarter valued at approximately $205,000. MetLife Investment Advisors LLC acquired a new stake in Industrial Logistics Properties Trust in the third quarter valued at approximately $321,000. Dimensional Fund Advisors LP acquired a new stake in Industrial Logistics Properties Trust in the third quarter valued at approximately $390,000. Finally, Alliancebernstein L.P. raised its holdings in Industrial Logistics Properties Trust by 21.3% in the third quarter. Alliancebernstein L.P. now owns 20,200 shares of the company’s stock valued at $465,000 after acquiring an additional 3,550 shares in the last quarter. 37.60% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have commented on the stock. B. Riley set a $29.00 price target on shares of Industrial Logistics Properties Trust and gave the company a “buy” rating in a research note on Monday, October 29th. Zacks Investment Research lowered shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, October 31st.

Shares of Industrial Logistics Properties Trust stock opened at $22.36 on Tuesday. Industrial Logistics Properties Trust has a 52 week low of $18.21 and a 52 week high of $24.70. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 0.42.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 21st. Shareholders of record on Monday, January 28th will be paid a $0.33 dividend. The ex-dividend date of this dividend is Friday, January 25th. This represents a $1.32 annualized dividend and a yield of 5.90%.

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Industrial Logistics Properties Trust Profile

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. Industrial Logistics Properties Trust (NasdaqGS:ILPT) operates independently of Select Income REIT as of December 27, 2018.

See Also: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

Institutional Ownership by Quarter for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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