Banque Pictet & Cie SA Buys Shares of 10,598 Industrial Logistics Properties Trust (NASDAQ:ILPT)

Banque Pictet & Cie SA bought a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPTGet Rating) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 10,598 shares of the company’s stock, valued at approximately $149,000.

Other institutional investors also recently bought and sold shares of the company. ACG Wealth bought a new position in Industrial Logistics Properties Trust during the second quarter valued at about $45,000. Point72 Hong Kong Ltd grew its position in shares of Industrial Logistics Properties Trust by 198.9% in the first quarter. Point72 Hong Kong Ltd now owns 2,107 shares of the company’s stock valued at $48,000 after purchasing an additional 1,402 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Industrial Logistics Properties Trust by 15.1% in the first quarter. Van ECK Associates Corp now owns 5,819 shares of the company’s stock valued at $132,000 after purchasing an additional 762 shares during the last quarter. Commonwealth Equity Services LLC acquired a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at about $146,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at about $187,000. 85.51% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, B. Riley lowered their price target on Industrial Logistics Properties Trust from $13.00 to $11.00 in a research report on Friday, October 28th.

Industrial Logistics Properties Trust Stock Down 6.8 %

ILPT stock opened at $4.14 on Friday. Industrial Logistics Properties Trust has a twelve month low of $3.88 and a twelve month high of $25.73. The company has a market cap of $271.46 million, a PE ratio of -2.04 and a beta of 1.05. The business’s 50-day simple moving average is $5.55 and its 200 day simple moving average is $10.02. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 3.12.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 17th. Investors of record on Monday, October 24th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Friday, October 21st. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -1.97%.

About Industrial Logistics Properties Trust

(Get Rating)

ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

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

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