Industrial Logistics Properties Trust (NASDAQ:ILPT) Upgraded at Zacks Research

Zacks Research upgraded shares of Industrial Logistics Properties Trust (NASDAQ:ILPTFree Report) from a hold rating to a strong-buy rating in a report issued on Wednesday morning,Zacks.com reports.

Several other research analysts have also recently issued reports on ILPT. Loop Capital set a $7.40 target price on Industrial Logistics Properties Trust in a research report on Tuesday, March 3rd. B. Riley Financial reissued a “buy” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research report on Wednesday, January 28th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $6.20.

Check Out Our Latest Stock Report on Industrial Logistics Properties Trust

Industrial Logistics Properties Trust Trading Up 3.5%

Shares of NASDAQ:ILPT opened at $7.41 on Wednesday. The stock has a market capitalization of $493.88 million, a price-to-earnings ratio of -7.34 and a beta of 2.39. The company has a debt-to-equity ratio of 4.66, a quick ratio of 4.29 and a current ratio of 4.29. The stock’s 50-day simple moving average is $6.00 and its two-hundred day simple moving average is $5.72. Industrial Logistics Properties Trust has a 52-week low of $2.48 and a 52-week high of $7.76.

Industrial Logistics Properties Trust (NASDAQ:ILPTGet Free Report) last announced its earnings results on Wednesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.31). The firm had revenue of $113.91 million during the quarter, compared to analysts’ expectations of $111.73 million. Industrial Logistics Properties Trust had a negative return on equity of 7.08% and a negative net margin of 14.75%. Analysts expect that Industrial Logistics Properties Trust will post 1.28 EPS for the current year.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st will be paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Tuesday, April 21st. Industrial Logistics Properties Trust’s dividend payout ratio is presently -19.80%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Institutional investors have recently bought and sold shares of the business. Quarry LP purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter worth $28,000. Advisory Services Network LLC purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter worth $34,000. Royal Bank of Canada increased its stake in Industrial Logistics Properties Trust by 387.2% in the 4th quarter. Royal Bank of Canada now owns 6,573 shares of the company’s stock worth $36,000 after buying an additional 5,224 shares in the last quarter. Strs Ohio purchased a new stake in Industrial Logistics Properties Trust in the 1st quarter worth $42,000. Finally, Retirement Planning Co of New England Inc. purchased a new stake in Industrial Logistics Properties Trust in the 4th quarter worth $56,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

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About Industrial Logistics Properties Trust

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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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