6,915 Shares in Industrial Logistics Properties Trust (NASDAQ:ILPT) Bought by Advisory Services Network LLC

Advisory Services Network LLC purchased a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,915 shares of the company’s stock, valued at approximately $181,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its holdings in Industrial Logistics Properties Trust by 38.2% during the first quarter. Lazard Asset Management LLC now owns 1,636 shares of the company’s stock worth $37,000 after buying an additional 452 shares in the last quarter. PNC Financial Services Group Inc. raised its position in Industrial Logistics Properties Trust by 21.8% during the second quarter. PNC Financial Services Group Inc. now owns 3,168 shares of the company’s stock worth $83,000 after acquiring an additional 566 shares during the period. Acadian Asset Management LLC raised its position in Industrial Logistics Properties Trust by 149.3% during the first quarter. Acadian Asset Management LLC now owns 3,700 shares of the company’s stock worth $86,000 after acquiring an additional 2,216 shares during the period. Schroder Investment Management Group acquired a new position in Industrial Logistics Properties Trust during the first quarter worth $105,000. Finally, Panagora Asset Management Inc. raised its position in Industrial Logistics Properties Trust by 21.3% during the first quarter. Panagora Asset Management Inc. now owns 7,480 shares of the company’s stock worth $173,000 after acquiring an additional 1,313 shares during the period. 85.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have weighed in on ILPT. Royal Bank of Canada upped their price objective on shares of Industrial Logistics Properties Trust from $26.00 to $28.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 3rd. Zacks Investment Research cut shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday. B. Riley upped their price objective on shares of Industrial Logistics Properties Trust from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, JMP Securities increased their target price on shares of Industrial Logistics Properties Trust from $27.00 to $30.00 and gave the company a “market outperform” rating in a research report on Friday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Industrial Logistics Properties Trust has a consensus rating of “Hold” and an average target price of $28.40.

Shares of NASDAQ ILPT opened at $27.52 on Thursday. The firm has a 50-day simple moving average of $26.67 and a 200-day simple moving average of $25.90. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 19.24, a price-to-earnings-growth ratio of 5.94 and a beta of 1.02. The company has a quick ratio of 7.12, a current ratio of 7.12 and a debt-to-equity ratio of 0.89. Industrial Logistics Properties Trust has a 52 week low of $18.76 and a 52 week high of $27.95.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Wednesday, July 28th. The company reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.47 by ($0.18). Industrial Logistics Properties Trust had a net margin of 39.63% and a return on equity of 9.07%. As a group, equities research analysts expect that Industrial Logistics Properties Trust will post 1.89 EPS for the current year.

Industrial Logistics Properties Trust Profile

Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics buildings and leased industrial lands. The company was founded on September 15, 2017 and is headquartered in Newton, MA.

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

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