Peregrine Capital Management LLC Acquires 3,776 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT)

Peregrine Capital Management LLC raised its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 261,430 shares of the company’s stock after buying an additional 3,776 shares during the period. Peregrine Capital Management LLC owned about 0.40% of Industrial Logistics Properties Trust worth $5,372,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. raised its stake in Industrial Logistics Properties Trust by 12.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 45,500 shares of the company’s stock valued at $798,000 after buying an additional 4,900 shares during the period. Invesco Ltd. raised its stake in Industrial Logistics Properties Trust by 191.5% in the first quarter. Invesco Ltd. now owns 1,257,192 shares of the company’s stock valued at $22,052,000 after buying an additional 825,941 shares during the period. Nuveen Asset Management LLC raised its stake in Industrial Logistics Properties Trust by 3.0% in the first quarter. Nuveen Asset Management LLC now owns 545,777 shares of the company’s stock valued at $9,573,000 after buying an additional 15,731 shares during the period. Geode Capital Management LLC increased its stake in shares of Industrial Logistics Properties Trust by 8.5% during the first quarter. Geode Capital Management LLC now owns 969,106 shares of the company’s stock worth $16,998,000 after purchasing an additional 75,557 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Industrial Logistics Properties Trust by 3.2% during the first quarter. Royal Bank of Canada now owns 178,925 shares of the company’s stock worth $3,139,000 after purchasing an additional 5,524 shares during the period. Hedge funds and other institutional investors own 90.59% of the company’s stock.

A number of equities analysts have recently weighed in on ILPT shares. Zacks Investment Research lowered Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Thursday, July 16th. JMP Securities began coverage on Industrial Logistics Properties Trust in a research report on Monday, June 8th. They set an “outperform” rating and a $27.00 price target on the stock. BidaskClub raised Industrial Logistics Properties Trust from a “sell” rating to a “hold” rating in a research report on Friday. Finally, B. Riley increased their price target on Industrial Logistics Properties Trust from $27.00 to $29.00 in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. Industrial Logistics Properties Trust has a consensus rating of “Hold” and an average target price of $25.25.

NASDAQ ILPT opened at $21.11 on Friday. The business has a 50 day simple moving average of $20.39 and a 200 day simple moving average of $19.71. Industrial Logistics Properties Trust has a one year low of $12.95 and a one year high of $24.18. The stock has a market capitalization of $1.38 billion, a P/E ratio of 27.06, a P/E/G ratio of 2.71 and a beta of 0.95. The company has a debt-to-equity ratio of 1.26, a current ratio of 6.35 and a quick ratio of 5.19.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.23). The firm had revenue of $65.11 million during the quarter, compared to analysts’ expectations of $64.10 million. Industrial Logistics Properties Trust had a net margin of 19.90% and a return on equity of 4.81%. Equities analysts expect that Industrial Logistics Properties Trust will post 1.84 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Investors of record on Monday, July 27th will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 6.25%. The ex-dividend date is Friday, July 24th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently 75.00%.

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. 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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