Industrial Logistics Properties Trust (ILPT) Given Average Recommendation of “Hold” by Analysts

Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) have been given a consensus recommendation of “Hold” by the six analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

ILPT has been the topic of several recent analyst reports. Royal Bank of Canada reissued a “buy” rating and issued a $26.00 target price on shares of Industrial Logistics Properties Trust in a research note on Tuesday, July 31st. Zacks Investment Research raised Industrial Logistics Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Finally, B. Riley set a $29.00 target price on Industrial Logistics Properties Trust and gave the stock a “buy” rating in a research note on Monday, October 29th.

NASDAQ ILPT opened at $21.91 on Friday. The company has a current ratio of 4.71, a quick ratio of 4.71 and a debt-to-equity ratio of 0.42. Industrial Logistics Properties Trust has a 1 year low of $17.21 and a 1 year high of $24.70.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its earnings results 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). The business had revenue of $40.43 million during the quarter, compared to the consensus estimate of $40.29 million. Industrial Logistics Properties Trust had a return on equity of 7.80% and a net margin of 44.65%. On average, equities analysts predict that Industrial Logistics Properties Trust will post 1.62 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 12th. Investors of record on Monday, October 29th were paid a $0.33 dividend. The ex-dividend date was Friday, October 26th. This represents a $1.32 annualized dividend and a dividend yield of 6.02%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. B. Riley Financial Inc. grew its stake in shares of Industrial Logistics Properties Trust by 19.4% in the third quarter. B. Riley Financial Inc. now owns 21,404 shares of the company’s stock worth $493,000 after purchasing an additional 3,477 shares during the last quarter. Nordea Investment Management AB bought a new stake in shares of Industrial Logistics Properties Trust in the third quarter worth about $6,306,000. First Sabrepoint Capital Management LP grew its stake in shares of Industrial Logistics Properties Trust by 2.8% in the third quarter. First Sabrepoint Capital Management LP now owns 462,600 shares of the company’s stock worth $10,644,000 after purchasing an additional 12,600 shares during the last quarter. MetLife Investment Advisors LLC bought a new stake in shares of Industrial Logistics Properties Trust in the third quarter worth about $321,000. Finally, Renaissance Technologies LLC bought a new stake in shares of Industrial Logistics Properties Trust in the third quarter worth about $205,000. 32.86% of the stock is currently owned by institutional investors.

About Industrial Logistics Properties Trust

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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