Cambridge Investment Research Advisors Inc. Takes Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Cambridge Investment Research Advisors Inc. purchased a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 18,900 shares of the company’s stock, valued at approximately $393,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Pictet Asset Management Ltd. purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $256,000. Nuveen Asset Management LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $11,401,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $577,000. UBS Asset Management Americas Inc. purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $3,333,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at approximately $22,426,000. 89.81% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on the stock. Zacks Investment Research raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Friday, August 2nd. Royal Bank of Canada lowered Industrial Logistics Properties Trust from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $23.00 to $22.00 in a research report on Wednesday, August 7th.

Shares of NASDAQ ILPT opened at $21.21 on Friday. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 13.17 and a beta of 0.93. The company has a quick ratio of 3.20, a current ratio of 3.20 and a debt-to-equity ratio of 1.34. Industrial Logistics Properties Trust has a 52-week low of $18.03 and a 52-week high of $22.65. The business’s 50 day moving average is $21.50 and its two-hundred day moving average is $20.61.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Tuesday, July 30th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.24). The firm had revenue of $60.09 million during the quarter, compared to analysts’ expectations of $56.59 million. Industrial Logistics Properties Trust had a net margin of 35.17% and a return on equity of 6.47%. Analysts anticipate that Industrial Logistics Properties Trust will post 1.77 EPS for the current fiscal year.

About Industrial Logistics Properties Trust

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.

Read More: What is a Market Correction?

Want to see what other hedge funds are holding ILPT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Industrial Logistics Properties Trust (NASDAQ:ILPT).

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

Receive News & Ratings for Industrial Logistics Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Logistics Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.