Amundi Pioneer Asset Management Inc. lessened its stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 63.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 38,190 shares of the company’s stock after selling 66,401 shares during the quarter. Amundi Pioneer Asset Management Inc. owned 0.06% of Industrial Logistics Properties Trust worth $889,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 4th quarter valued at about $27,000. Catalyst Private Wealth LLC purchased a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter valued at about $33,000. Van ECK Associates Corp lifted its stake in Industrial Logistics Properties Trust by 33.2% during the fourth quarter. Van ECK Associates Corp now owns 2,608 shares of the company’s stock worth $61,000 after purchasing an additional 650 shares during the last quarter. Veriti Management LLC purchased a new stake in Industrial Logistics Properties Trust during the fourth quarter worth approximately $65,000. Finally, Montag A & Associates Inc. acquired a new position in Industrial Logistics Properties Trust during the fourth quarter worth approximately $140,000. Institutional investors and hedge funds own 87.78% of the company’s stock.

Separately, Zacks Investment Research lowered Industrial Logistics Properties Trust from a “hold” rating to a “sell” rating in a research report on Monday, February 22nd.

NASDAQ:ILPT opened at $25.08 on Wednesday. The firm has a market cap of $1.64 billion, a P/E ratio of 30.22, a PEG ratio of 3.99 and a beta of 0.96. The company has a current ratio of 6.39, a quick ratio of 6.39 and a debt-to-equity ratio of 1.27. The stock’s 50 day simple moving average is $23.33 and its 200-day simple moving average is $22.32. Industrial Logistics Properties Trust has a 12-month low of $15.09 and a 12-month high of $26.20.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Wednesday, February 17th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.16. Industrial Logistics Properties Trust had a return on equity of 5.02% and a net margin of 20.82%. Research analysts forecast that Industrial Logistics Properties Trust will post 1.86 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 20th. Stockholders of record on Monday, April 26th will be issued a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.26%. The ex-dividend date is Friday, April 23rd. Industrial Logistics Properties Trust’s payout ratio is currently 75.00%.

Industrial Logistics Properties Trust Company Profile

ILPT 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.

Further Reading: Understanding Price to Earnings Ratio (PE)

Institutional Ownership by Quarter for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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