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

Peregrine Capital Management LLC grew its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 1.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,430 shares of the company’s stock after purchasing an additional 3,776 shares during the quarter. Peregrine Capital Management LLC’s holdings in Industrial Logistics Properties Trust were worth $5,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in shares of Industrial Logistics Properties Trust during the first quarter worth $29,000. Ensign Peak Advisors Inc purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter valued at $163,000. Dubuque Bank & Trust purchased a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at $206,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter valued at $176,000. Finally, Cohen & Steers Inc. purchased a new position in Industrial Logistics Properties Trust in the 1st quarter worth about $176,000. Institutional investors and hedge funds own 90.59% of the company’s stock.

ILPT opened at $21.11 on Friday. Industrial Logistics Properties Trust has a 12-month low of $12.95 and a 12-month high of $24.18. The company has a current ratio of 6.35, a quick ratio of 5.19 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $1.38 billion, a PE ratio of 27.06, a P/E/G ratio of 2.71 and a beta of 0.95. The firm has a 50 day moving average of $20.39 and a two-hundred day moving average of $19.71.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.23). The firm had revenue of $65.11 million for 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%. As a group, analysts predict that Industrial Logistics Properties Trust will post 1.84 EPS for the current fiscal year.

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

Several brokerages have issued reports on ILPT. Zacks Investment Research cut shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 16th. BidaskClub upgraded shares of Industrial Logistics Properties Trust from a “sell” rating to a “hold” rating in a report on Friday. B. Riley raised their price target on shares of Industrial Logistics Properties Trust from $27.00 to $29.00 in a report on Thursday. Finally, JMP Securities initiated coverage on shares of Industrial Logistics Properties Trust in a report on Monday, June 8th. They issued an “outperform” rating and a $27.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Industrial Logistics Properties Trust presently has an average rating of “Hold” and a consensus price target of $25.25.

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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