Industrial Logistics Properties Trust (NASDAQ:ILPT) Reaches New 12-Month High – Should You Buy?

Industrial Logistics Properties Trust (NASDAQ:ILPT)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $8.97 and last traded at $8.90, with a volume of 32456 shares trading hands. The stock had previously closed at $8.72.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research note on Monday, April 27th. B. Riley Financial restated a “buy” rating on shares of Industrial Logistics Properties Trust in a report on Thursday, April 23rd. Loop Capital set a $7.40 price target on shares of Industrial Logistics Properties Trust in a research report 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 note on Saturday, May 23rd. Finally, Zacks Research lowered shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.40.

Industrial Logistics Properties Trust Price Performance

The firm has a 50 day simple moving average of $6.85 and a 200-day simple moving average of $6.09. 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 $593.63 million, a PE ratio of -10.89 and a beta of 2.47.

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

Industrial Logistics Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, April 21st. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -24.39%.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Industrial Logistics Properties Trust by 0.5% during the 3rd quarter. Vanguard Group Inc. now owns 3,244,244 shares of the company’s stock valued at $18,914,000 after purchasing an additional 15,006 shares during the last quarter. Nantahala Capital Management LLC grew its stake in Industrial Logistics Properties Trust by 27.9% during the 2nd quarter. Nantahala Capital Management LLC now owns 3,206,219 shares of the company’s stock worth $14,588,000 after buying an additional 699,975 shares during the last quarter. CastleKnight Management LP increased its position in Industrial Logistics Properties Trust by 8.8% during the 4th quarter. CastleKnight Management LP now owns 1,911,859 shares of the company’s stock valued at $10,592,000 after buying an additional 154,200 shares in the last quarter. Millennium Management LLC raised its stake in Industrial Logistics Properties Trust by 181.2% in the third quarter. Millennium Management LLC now owns 1,308,289 shares of the company’s stock valued at $7,627,000 after buying an additional 843,033 shares during the last quarter. Finally, UMB Bank n.a. purchased a new stake in Industrial Logistics Properties Trust in the fourth quarter valued at about $7,092,000. 49.08% of the stock is owned by institutional investors and hedge funds.

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.