437,320 Shares in Industrial Logistics Properties Trust (NASDAQ:ILPT) Bought by Peregrine Capital Management LLC

Peregrine Capital Management LLC bought a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 437,320 shares of the company’s stock, valued at approximately $9,105,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. AdvisorNet Financial Inc acquired a new position in Industrial Logistics Properties Trust during the second quarter worth $61,000. New York State Teachers Retirement System acquired a new position in Industrial Logistics Properties Trust during the second quarter worth $119,000. Finally, Garnet Equity Capital Holdings Inc. acquired a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at $3,853,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Separately, Zacks Investment Research downgraded shares of Eisai from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 24th.

NASDAQ:ILPT opened at $21.47 on Wednesday. Industrial Logistics Properties Trust has a one year low of $18.03 and a one year high of $24.70. The firm has a market capitalization of $1.35 billion, a P/E ratio of 13.34 and a beta of 0.94. The company has a fifty day moving average of $20.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.61 and a current ratio of 3.61.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings data on Tuesday, July 30th. The company reported $0.20 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24). Industrial Logistics Properties Trust had a net margin of 42.85% and a return on equity of 6.99%. The company had revenue of $60.09 million during the quarter, compared to analyst estimates of $56.59 million. On average, equities research analysts expect that Industrial Logistics Properties Trust will post 1.71 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 29th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.32 annualized dividend and a dividend yield of 6.15%. Industrial Logistics Properties Trust’s dividend payout ratio is currently 81.99%.

Industrial Logistics Properties Trust Company 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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