Industrial Logistics Properties Trust (NASDAQ:ILPT) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• Industrial Logistics Properties Trust (NASDAQ:ILPT) has received a "sell (D-)" rating from Weiss Ratings, while Zacks Research upgraded its rating from a "strong sell" to a "hold."
• The stock has fluctuated between a one-year low of $2.45 and a high of $6.57, currently trading around $5.48.
• Institutional investors hold 49.08% of the stock, with various hedge funds significantly increasing their positions in the company recently.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report)'s stock had its "sell (d-)" rating restated by research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Separately, Zacks Research upgraded Industrial Logistics Properties Trust from a "strong sell" rating to a "hold" rating in a research note on Friday, October 3rd. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Industrial Logistics Properties Trust has an average rating of "Hold" and a consensus price target of $5.00.

Industrial Logistics Properties Trust Stock Performance

ILPT stock opened at $5.48 on Wednesday. The company has a debt-to-equity ratio of 4.43, a quick ratio of 4.13 and a current ratio of 4.13. The stock has a market capitalization of $363.54 million, a price-to-earnings ratio of -3.91 and a beta of 2.43. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $6.57. The stock's fifty day moving average is $5.94 and its two-hundred day moving average is $4.52.

Insider Buying and Selling at Industrial Logistics Properties Trust

In related news, Director Kevin C. Phelan acquired 5,000 shares of the business's stock in a transaction that occurred on Thursday, July 31st. The shares were acquired at an average cost of $5.43 per share, for a total transaction of $27,150.00. Following the completion of the purchase, the director directly owned 15,500 shares in the company, valued at $84,165. This trade represents a 47.62% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its position in Industrial Logistics Properties Trust by 4.1% in the second quarter. Thrivent Financial for Lutherans now owns 686,801 shares of the company's stock worth $3,125,000 after acquiring an additional 26,842 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Industrial Logistics Properties Trust by 429.2% in the second quarter. Tower Research Capital LLC TRC now owns 17,188 shares of the company's stock worth $78,000 after acquiring an additional 13,940 shares in the last quarter. Nantahala Capital Management LLC raised its position in Industrial Logistics Properties Trust by 27.9% in the second quarter. Nantahala Capital Management LLC now owns 3,206,219 shares of the company's stock worth $14,588,000 after acquiring an additional 699,975 shares in the last quarter. Jane Street Group LLC raised its position in Industrial Logistics Properties Trust by 366.4% in the second quarter. Jane Street Group LLC now owns 166,310 shares of the company's stock worth $757,000 after acquiring an additional 130,651 shares in the last quarter. Finally, Jump Financial LLC bought a new stake in Industrial Logistics Properties Trust in the second quarter worth about $188,000. 49.08% of the stock is currently owned by institutional investors.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust Nasdaq: ILPT is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.

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