Morgan Stanley Acquires Shares of 354,125 Industrial Logistics Properties Trust (NASDAQ:ILPT)

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Morgan Stanley bought a new position in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 354,125 shares of the company’s stock, valued at approximately $7,371,000. Morgan Stanley owned 0.54% of Industrial Logistics Properties Trust as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in ILPT. Capital Investment Advisory Services LLC acquired a new position in shares of Industrial Logistics Properties Trust during the second quarter worth approximately $34,000. AdvisorNet Financial Inc acquired a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at $61,000. US Bancorp DE acquired a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at $84,000. Quantamental Technologies LLC acquired a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at $108,000. Finally, New York State Teachers Retirement System acquired a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at $119,000. 90.16% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust stock traded down $0.15 during mid-day trading on Friday, hitting $21.47. 137,300 shares of the company were exchanged, compared to its average volume of 391,505. The company has a quick ratio of 2.66, a current ratio of 2.66 and a debt-to-equity ratio of 1.39. Industrial Logistics Properties Trust has a 1-year low of $18.03 and a 1-year high of $22.60. The company has a market capitalization of $1.38 billion, a PE ratio of 13.34, a price-to-earnings-growth ratio of 3.18 and a beta of 0.93. The business has a fifty day moving average of $21.45 and a 200 day moving average of $20.76.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $60.96 million during the quarter, compared to analyst estimates of $60.53 million. Research analysts expect that Industrial Logistics Properties Trust will post 1.75 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be issued a $0.33 dividend. The ex-dividend date of this dividend is Friday, October 25th. This represents a $1.32 dividend on an annualized basis and a yield of 6.15%. Industrial Logistics Properties Trust’s payout ratio is presently 81.99%.

A number of research analysts recently commented on the company. 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 note on Wednesday, August 7th. Zacks Investment Research lowered Industrial Logistics Properties Trust from a “buy” rating to a “sell” rating in a research note on Saturday, November 2nd.

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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