Cambridge Investment Research Advisors Inc. Acquires Shares of 18,900 Industrial Logistics Properties Trust (NASDAQ:ILPT)

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Cambridge Investment Research Advisors Inc. acquired a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,900 shares of the company’s stock, valued at approximately $393,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new position in Industrial Logistics Properties Trust in the second quarter valued at $34,000. AdvisorNet Financial Inc acquired a new position in Industrial Logistics Properties Trust in the second quarter valued at $61,000. US Bancorp DE acquired a new position in Industrial Logistics Properties Trust in the second quarter valued at $84,000. Quantamental Technologies LLC acquired a new position in Industrial Logistics Properties Trust in the second quarter valued at $108,000. Finally, New York State Teachers Retirement System acquired a new position in Industrial Logistics Properties Trust in the second quarter valued at $119,000. Institutional investors own 89.81% of the company’s stock.

Shares of NASDAQ:ILPT opened at $21.21 on Friday. The company has a 50-day simple moving average of $21.50 and a 200-day simple moving average of $20.61. Industrial Logistics Properties Trust has a one year low of $18.03 and a one year high of $22.65. The company has a debt-to-equity ratio of 1.34, a quick ratio of 3.20 and a current ratio of 3.20. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 13.17 and a beta of 0.93.

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

Several equities analysts have issued reports on ILPT shares. Zacks Investment Research upgraded shares of Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating and set a $25.00 price objective for the company in a research note on Friday, August 2nd. Royal Bank of Canada downgraded shares of Industrial Logistics Properties Trust from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $23.00 to $22.00 in a research note on Wednesday, August 7th.

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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