Industrial Logistics Properties Trust (NASDAQ:ILPT) Stock Rating Upgraded by Zacks Research

by · The Markets Daily

Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Free Report) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.

ILPT has been the subject of several other reports. B. Riley Financial reaffirmed a “buy” rating on shares of Industrial Logistics Properties Trust in a report on Thursday, April 23rd. Loop Capital set a $7.40 price objective on shares of Industrial Logistics Properties Trust in a research note on Tuesday, March 3rd. Wall Street Zen upgraded shares of Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, Weiss Ratings cut shares of Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $7.40.

Check Out Our Latest Analysis on ILPT

Industrial Logistics Properties Trust Stock Up 0.2%

ILPT opened at $8.70 on Tuesday. The business has a 50 day moving average price of $8.02 and a two-hundred day moving average price of $6.54. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 4.74. The company has a market cap of $580.03 million, a PE ratio of -10.61 and a beta of 2.50. Industrial Logistics Properties Trust has a 52 week low of $4.43 and a 52 week high of $9.17.

Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Free Report) last announced its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $116.42 million for the quarter, compared to the consensus estimate of $114.82 million. Industrial Logistics Properties Trust had a negative return on equity of 5.93% and a negative net margin of 11.93%. As a group, research analysts anticipate that Industrial Logistics Properties Trust will post 1.34 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. State of Wyoming raised its position in Industrial Logistics Properties Trust by 17.9% in the first quarter. State of Wyoming now owns 14,469 shares of the company’s stock worth $82,000 after acquiring an additional 2,194 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Industrial Logistics Properties Trust by 3.0% in the 4th quarter. Deutsche Bank AG now owns 85,843 shares of the company’s stock valued at $476,000 after purchasing an additional 2,496 shares in the last quarter. Jain Global LLC increased its holdings in shares of Industrial Logistics Properties Trust by 17.3% in the 3rd quarter. Jain Global LLC now owns 16,975 shares of the company’s stock valued at $99,000 after purchasing an additional 2,500 shares in the last quarter. Verition Fund Management LLC lifted its stake in shares of Industrial Logistics Properties Trust by 5.6% in the third quarter. Verition Fund Management LLC now owns 53,861 shares of the company’s stock valued at $314,000 after purchasing an additional 2,845 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its stake in shares of Industrial Logistics Properties Trust by 4.7% in the first quarter. Hillsdale Investment Management Inc. now owns 66,300 shares of the company’s stock valued at $377,000 after purchasing an additional 3,000 shares during the period. Institutional investors and hedge funds own 49.08% of the company’s stock.

About Industrial Logistics Properties Trust

(Get Free Report)

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.

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