State of Alaska Department of Revenue Grows Stock Position in Industrial Logistics Properties Trust (NASDAQ:ILPT)

State of Alaska Department of Revenue boosted its holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 1,166.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 67,558 shares of the company’s stock after acquiring an additional 62,223 shares during the period. State of Alaska Department of Revenue owned 0.10% of Industrial Logistics Properties Trust worth $1,514,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. acquired a new stake in shares of Industrial Logistics Properties Trust during the second quarter valued at $198,609,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Industrial Logistics Properties Trust by 0.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,165,825 shares of the company’s stock worth $131,024,000 after purchasing an additional 56,537 shares during the last quarter. BlackRock Inc. purchased a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth about $121,660,000. Cohen & Steers Inc. purchased a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth about $97,991,000. Finally, Indaba Capital Management L.P. purchased a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth about $52,865,000. 88.33% of the stock is currently owned by hedge funds and other institutional investors.

ILPT stock opened at $22.06 on Wednesday. The stock has a market capitalization of $1.44 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 3.14 and a beta of 0.93. 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 52-week low of $18.03 and a 52-week high of $23.16. The stock’s fifty day simple moving average is $21.67 and its 200-day simple moving average is $21.40.

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

Several equities analysts recently issued reports on the stock. Zacks Investment Research raised shares of Industrial Logistics Properties Trust from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. Bank of America cut shares of Industrial Logistics Properties Trust from a “neutral” rating to an “underperform” rating in a research note on Friday, January 3rd.

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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