Citadel Advisors LLC Boosts Stake in Industrial Logistics Properties Trust (ILPT)

Citadel Advisors LLC grew its position in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 172.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 222,769 shares of the company’s stock after purchasing an additional 141,149 shares during the quarter. Citadel Advisors LLC owned about 0.34% of Industrial Logistics Properties Trust worth $5,126,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. SG Americas Securities LLC acquired a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at approximately $118,000. Acadian Asset Management LLC acquired a new stake in Industrial Logistics Properties Trust during the third quarter worth approximately $145,000. Royal Bank of Canada acquired a new stake in Industrial Logistics Properties Trust during the first quarter worth approximately $129,000. Dimensional Fund Advisors LP acquired a new stake in Industrial Logistics Properties Trust during the third quarter worth approximately $390,000. Finally, B. Riley Financial Inc. grew its position in Industrial Logistics Properties Trust by 21.8% during the second quarter. B. Riley Financial Inc. now owns 17,927 shares of the company’s stock worth $401,000 after buying an additional 3,213 shares in the last quarter. 33.47% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on ILPT. Zacks Investment Research downgraded Industrial Logistics Properties Trust from a “hold” rating to a “sell” rating in a research report on Saturday. B. Riley set a $29.00 price target on Industrial Logistics Properties Trust and gave the stock a “buy” rating in a research report on Monday, October 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $25.33.

Shares of NASDAQ:ILPT opened at $21.47 on Friday. Industrial Logistics Properties Trust has a 1 year low of $17.21 and a 1 year high of $24.70. The company has a quick ratio of 4.71, a current ratio of 4.71 and a debt-to-equity ratio of 0.42.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings results on Friday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.13). The company had revenue of $40.43 million for the quarter, compared to analyst estimates of $40.29 million. Industrial Logistics Properties Trust had a return on equity of 7.80% and a net margin of 44.65%. On average, research analysts forecast that Industrial Logistics Properties Trust will post 1.62 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 12th. Investors of record on Monday, October 29th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 6.15%. The ex-dividend date of this dividend was Friday, October 26th.

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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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