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

Cwm LLC grew its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Rating) by 1,058.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,571 shares of the company’s stock after buying 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 reporting period.

Several other large investors have also modified their holdings of ILPT. Strs Ohio raised its position in Industrial Logistics Properties Trust by 14.8% in the 3rd quarter. Strs Ohio now owns 96,997 shares of the company’s stock valued at $533,000 after purchasing an additional 12,494 shares during the last quarter. Versor Investments LP purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $876,000. Retirement Planning Co of New England Inc. raised its position in Industrial Logistics Properties Trust by 39.0% in the 3rd quarter. Retirement Planning Co of New England Inc. now owns 26,533 shares of the company’s stock valued at $145,000 after purchasing an additional 7,446 shares during the last quarter. Louisiana State Employees Retirement System purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $172,000. Finally, Pacer Advisors Inc. raised its position in Industrial Logistics Properties Trust by 133.0% in the 3rd quarter. Pacer Advisors Inc. now owns 1,047,940 shares of the company’s stock valued at $5,764,000 after purchasing an additional 598,176 shares during the last quarter. Institutional investors and hedge funds own 84.25% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 2.0 %

Shares of Industrial Logistics Properties Trust stock opened at $3.96 on Friday. The company has a market cap of $259.65 million, a P/E ratio of -1.95 and a beta of 1.05. The company has a debt-to-equity ratio of 3.12, a quick ratio of 2.62 and a current ratio of 2.62. Industrial Logistics Properties Trust has a one year low of $3.05 and a one year high of $23.52. The firm has a fifty day moving average of $3.72 and a two-hundred day moving average of $6.19.

Industrial Logistics Properties Trust Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Industrial Logistics Properties Trust Company Profile

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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.