Nuveen Asset Management LLC Acquires New Holdings in Industrial Logistics Properties Trust (NASDAQ:ILPT)

Nuveen Asset Management LLC acquired a new stake in shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 547,637 shares of the company’s stock, valued at approximately $11,401,000. Nuveen Asset Management LLC owned approximately 0.84% of Industrial Logistics Properties Trust at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ILPT. Vanguard Group Inc. purchased a new position in Industrial Logistics Properties Trust during the second quarter valued at approximately $198,609,000. BlackRock Inc. bought a new stake in Industrial Logistics Properties Trust during the second quarter valued at approximately $121,660,000. Cohen & Steers Inc. bought a new stake in Industrial Logistics Properties Trust during the second quarter valued at approximately $97,991,000. LSV Asset Management bought a new stake in Industrial Logistics Properties Trust during the second quarter valued at approximately $46,562,000. Finally, Northern Trust Corp bought a new stake in Industrial Logistics Properties Trust during the second quarter valued at approximately $26,582,000. 89.81% of the stock is owned by institutional investors.

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

Shares of Industrial Logistics Properties Trust stock opened at $21.21 on Friday. Industrial Logistics Properties Trust has a 1 year low of $18.03 and a 1 year high of $22.65. The firm has a market cap of $1.39 billion, a PE ratio of 13.17 and a beta of 0.93. The company has a debt-to-equity ratio of 1.34, a current ratio of 3.20 and a quick ratio of 3.20. The company has a 50 day simple moving average of $21.50 and a two-hundred day simple moving average of $20.61.

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

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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