Zacks Investment Research Lowers Industrial Logistics Properties Trust (ILPT) to Hold

Industrial Logistics Properties Trust (NASDAQ:ILPT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.

According to Zacks, “Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties primarily in the United States. The Company’s properties include Hawaii properties, Mainland properties’ leases, Hawaii properties’ leases and Mainland properties. Industrial Logistics Properties Trust is based in NEWTON, United States. “

ILPT has been the subject of several other reports. B. Riley set a $29.00 target price on Industrial Logistics Properties Trust and gave the company a “buy” rating in a report on Monday. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 target price on shares of Industrial Logistics Properties Trust in a report on Tuesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $25.33.

NASDAQ:ILPT opened at $21.63 on Wednesday. Industrial Logistics Properties Trust has a 1 year low of $17.21 and a 1 year high of $24.70. 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 (NASDAQ:ILPT) last released its quarterly earnings data on Friday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.13). Industrial Logistics Properties Trust had a return on equity of 10.76% and a net margin of 47.40%. The business had revenue of $40.43 million for the quarter, compared to analyst estimates of $40.29 million. As a group, equities research analysts expect that Industrial Logistics Properties Trust will post 1.65 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN bought a new stake in Industrial Logistics Properties Trust during the 1st quarter worth approximately $243,000. Schwab Charles Investment Management Inc. bought a new stake in Industrial Logistics Properties Trust during the 1st quarter worth approximately $1,998,000. Northern Trust Corp bought a new stake in Industrial Logistics Properties Trust during the 1st quarter worth approximately $4,216,000. BlackRock Inc. bought a new stake in Industrial Logistics Properties Trust during the 1st quarter worth approximately $20,635,000. Finally, New York State Common Retirement Fund bought a new stake in Industrial Logistics Properties Trust during the 1st quarter worth approximately $122,000. 30.54% of the stock is owned by institutional investors and hedge funds.

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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