New York State Teachers Retirement System Has $696,000 Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

New York State Teachers Retirement System boosted its holdings in shares of Industrial Logistics Properties Trust (NASDAQ:ILPTGet Rating) by 463.2% during the third quarter, Holdings Channel reports. The institutional investor owned 126,621 shares of the company’s stock after acquiring an additional 104,139 shares during the quarter. New York State Teachers Retirement System’s holdings in Industrial Logistics Properties Trust were worth $696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. CWM LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 1,058.2% during the third quarter. CWM LLC now owns 5,571 shares of the company’s stock valued at $31,000 after acquiring an additional 5,090 shares during the period. ACG Wealth acquired a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at $45,000. Point72 Hong Kong Ltd grew its stake in 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 acquiring an additional 1,402 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in Industrial Logistics Properties Trust by 295.6% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,945 shares of the company’s stock worth $70,000 after purchasing an additional 3,695 shares in the last quarter. Finally, EMC Capital Management increased its position in shares of Industrial Logistics Properties Trust by 52.5% during the second quarter. EMC Capital Management now owns 9,459 shares of the company’s stock worth $133,000 after acquiring an additional 3,258 shares in the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 3.6 %

NASDAQ:ILPT opened at $4.05 on Friday. The company has a debt-to-equity ratio of 3.12, a quick ratio of 2.62 and a current ratio of 2.62. The company has a market cap of $265.55 million, a PE ratio of -2.00 and a beta of 1.05. Industrial Logistics Properties Trust has a 52-week low of $3.05 and a 52-week high of $23.88. The stock has a 50-day simple moving average of $3.72 and a 200 day simple moving average of $6.32.

Industrial Logistics Properties Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Monday, January 23rd will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, January 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.99%. Industrial Logistics Properties Trust’s payout ratio is presently -1.97%.

Analyst Ratings Changes

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

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.

See Also

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

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