Industrial Logistics Properties Trust (NASDAQ:ILPT) Upgraded to Strong-Buy at Zacks Research

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 research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts also recently weighed in on ILPT. Weiss Ratings downgraded Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. B. Riley Financial reaffirmed a “buy” rating on shares of Industrial Logistics Properties Trust in a report on Thursday, April 23rd. 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, Loop Capital set a $7.40 target price on shares of Industrial Logistics Properties Trust in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $7.40.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $8.70 on Tuesday. The business’s 50 day simple moving average is $8.02 and its 200 day simple moving average is $6.54. Industrial Logistics Properties Trust has a 12 month low of $4.43 and a 12 month high of $9.17. The company has a market cap of $580.03 million, a price-to-earnings ratio of -10.61 and a beta of 2.50. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 4.74.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $116.42 million during 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%. Sell-side analysts forecast that Industrial Logistics Properties Trust will post 1.34 EPS for the current year.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new stake in Industrial Logistics Properties Trust during the 3rd quarter worth about $28,000. Advisory Services Network LLC purchased a new position in Industrial Logistics Properties Trust during the 3rd quarter valued at about $34,000. Royal Bank of Canada grew its holdings in Industrial Logistics Properties Trust by 387.2% during the 4th quarter. Royal Bank of Canada now owns 6,573 shares of the company’s stock valued at $36,000 after buying an additional 5,224 shares in the last quarter. Strs Ohio bought a new stake in shares of Industrial Logistics Properties Trust during the first quarter valued at about $42,000. Finally, Retirement Planning Co of New England Inc. bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter valued at about $56,000. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

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.