Zacks Research Upgrades Industrial Logistics Properties Trust (NASDAQ:ILPT) to “Strong-Buy”

Industrial Logistics Properties Trust (NASDAQ:ILPT) was upgraded by stock analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Wednesday,Zacks.com reports.

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

Industrial Logistics Properties Trust Trading Down 2.3%

NASDAQ ILPT opened at $7.16 on Wednesday. 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 company has a market capitalization of $477.21 million, a price-to-earnings ratio of -7.09 and a beta of 2.39. The company’s 50-day simple moving average is $5.97 and its two-hundred day simple moving average is $5.70. Industrial Logistics Properties Trust has a one year low of $2.48 and a one year high of $7.76.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Wednesday, February 18th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.28 by ($0.31). Industrial Logistics Properties Trust had a negative net margin of 14.75% and a negative return on equity of 7.08%. The business had revenue of $113.91 million during the quarter, compared to the consensus estimate of $111.73 million. Equities analysts forecast that Industrial Logistics Properties Trust will post 1.28 EPS for the current fiscal year.

Institutional Trading of Industrial Logistics Properties Trust

Several hedge funds and other institutional investors have recently made changes to their positions in ILPT. Strs Ohio purchased a new position in Industrial Logistics Properties Trust during the 1st quarter worth $42,000. Rhumbline Advisers raised its stake in Industrial Logistics Properties Trust by 16.3% in the second quarter. Rhumbline Advisers now owns 95,564 shares of the company’s stock valued at $435,000 after buying an additional 13,418 shares during the last quarter. XTX Topco Ltd acquired a new stake in Industrial Logistics Properties Trust in the second quarter worth about $200,000. Marshall Wace LLP boosted its holdings in Industrial Logistics Properties Trust by 163.9% in the second quarter. Marshall Wace LLP now owns 84,725 shares of the company’s stock worth $385,000 after acquiring an additional 52,623 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth about $188,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Company Profile

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.