Industrial Logistics Properties Trust (ILPT) Receives $26.25 Average PT from Analysts

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Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) have received a consensus recommendation of “Buy” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $26.25.

ILPT has been the topic of several analyst reports. Royal Bank of Canada reiterated a “buy” rating and set a $26.00 target price on shares of Industrial Logistics Properties Trust in a research report on Tuesday, July 31st. Zacks Investment Research downgraded Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, June 26th. Finally, Bank of America reiterated a “neutral” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday, June 28th.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC purchased a new position in shares of Industrial Logistics Properties Trust in the second quarter valued at about $118,000. New York State Common Retirement Fund purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $122,000. Royal Bank of Canada purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $129,000. Citigroup Inc. purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $165,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $215,000. Institutional investors own 30.58% of the company’s stock.

NASDAQ ILPT traded up $0.73 on Friday, hitting $22.24. 717,069 shares of the company traded hands, compared to its average volume of 253,417. The company has a current ratio of 5.27, a quick ratio of 5.27 and a debt-to-equity ratio of 0.37. Industrial Logistics Properties Trust has a 52-week low of $17.21 and a 52-week high of $24.70.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Friday, July 27th. The company reported $0.29 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.14). The company had revenue of $39.42 million during the quarter, compared to the consensus estimate of $39.58 million. As a group, equities research analysts predict that Industrial Logistics Properties Trust will post 1.65 earnings per share for the current fiscal year.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust 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.

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Analyst Recommendations for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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