Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Bought by Cwm LLC

Cwm LLC grew its position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPTGet Rating) by 1,058.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,571 shares of the company’s stock after purchasing an additional 5,090 shares during the period. Cwm LLC’s holdings in Industrial Logistics Properties Trust were worth $31,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ACG Wealth purchased a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $45,000. Point72 Hong Kong Ltd lifted its holdings in shares of Industrial Logistics Properties Trust by 198.9% during the 1st quarter. Point72 Hong Kong Ltd now owns 2,107 shares of the company’s stock worth $48,000 after acquiring an additional 1,402 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of 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 acquiring an additional 3,695 shares during the period. EMC Capital Management lifted its holdings in shares of Industrial Logistics Properties Trust by 52.5% during the 2nd quarter. EMC Capital Management now owns 9,459 shares of the company’s stock worth $133,000 after acquiring an additional 3,258 shares during the period. Finally, Retirement Planning Co of New England Inc. lifted its holdings in shares of Industrial Logistics Properties Trust by 39.0% during the 3rd quarter. Retirement Planning Co of New England Inc. now owns 26,533 shares of the company’s stock worth $145,000 after acquiring an additional 7,446 shares during the period. 84.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Industrial Logistics Properties Trust Trading Down 2.0 %

NASDAQ ILPT opened at $3.96 on Friday. Industrial Logistics Properties Trust has a one year low of $3.05 and a one year high of $23.52. The company’s 50 day moving average price is $3.72 and its 200 day moving average price is $6.19. 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 firm has a market capitalization of $259.65 million, a price-to-earnings ratio of -1.95 and a beta of 1.05.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 16th. Investors of record on Monday, January 23rd will be issued a $0.01 dividend. The ex-dividend date of this dividend is Friday, January 20th. This represents a $0.04 annualized dividend and a yield of 1.01%. Industrial Logistics Properties Trust’s payout ratio is -1.97%.

Industrial Logistics Properties Trust Profile

(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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