Russell Investments Group Ltd. lifted its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 41.1% in the third quarter, Holdings Channel.com reports. The firm owned 1,691,996 shares of the company’s stock after buying an additional 492,747 shares during the period. Russell Investments Group Ltd.’s holdings in Industrial Logistics Properties Trust were worth $35,955,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ILPT. AdvisorNet Financial Inc purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $61,000. Garnet Equity Capital Holdings Inc. purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $3,853,000. New York State Teachers Retirement System purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $119,000. Peregrine Capital Management LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $9,105,000. Finally, Bessemer Group Inc. purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth approximately $258,000. Hedge funds and other institutional investors own 90.16% of the company’s stock.

Shares of ILPT stock opened at $21.62 on Friday. Industrial Logistics Properties Trust has a 52-week low of $18.03 and a 52-week high of $22.60. The company has a debt-to-equity ratio of 1.39, a quick ratio of 2.66 and a current ratio of 2.66. The firm has a market capitalization of $1.38 billion, a P/E ratio of 13.43, a P/E/G ratio of 3.18 and a beta of 0.93. The stock has a 50 day moving average price of $21.46 and a 200 day moving average price of $20.75.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.26). Industrial Logistics Properties Trust had a return on equity of 5.80% and a net margin of 28.27%. The business had revenue of $60.96 million for the quarter, compared to the consensus estimate of $60.53 million. As a group, sell-side analysts forecast that Industrial Logistics Properties Trust will post 1.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.11%. The ex-dividend date of this dividend is Friday, October 25th. Industrial Logistics Properties Trust’s dividend payout ratio is currently 81.99%.

ILPT has been the subject of a number of recent research reports. Royal Bank of Canada cut Industrial Logistics Properties Trust from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $23.00 to $22.00 in a report on Wednesday, August 7th. Zacks Investment Research cut Industrial Logistics Properties Trust from a “buy” rating to a “sell” rating in a report on Saturday, November 2nd.

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.

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

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