Industrial Logistics Properties Trust (NASDAQ:ILPT) had its target price boosted by research analysts at B. Riley from $32.00 to $35.00 in a research note issued on Friday, The Fly reports. The firm presently has a "buy" rating on the stock. B. Riley's target price points to a potential upside of 28.91% from the stock's current price.
Several other research firms have also recently weighed in on ILPT. Royal Bank of Canada raised their price target on Industrial Logistics Properties Trust from $22.00 to $26.00 and gave the company a "sector perform" rating in a report on Tuesday, June 22nd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Industrial Logistics Properties Trust from a "buy" rating to a "hold" rating in a report on Wednesday, July 21st. Finally, BTIG Research began coverage on shares of Industrial Logistics Properties Trust in a research report on Monday, April 26th. They issued a "neutral" rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of "Hold" and an average target price of $28.20.
Shares of NASDAQ:ILPT traded down $0.04 during midday trading on Friday, reaching $27.15. 6,450 shares of the company were exchanged, compared to its average volume of 280,355. The firm has a market capitalization of $1.77 billion, a PE ratio of 19.85, a PEG ratio of 6.34 and a beta of 1.00. The company's fifty day moving average is $26.20. Industrial Logistics Properties Trust has a one year low of $18.76 and a one year high of $27.71. The company has a current ratio of 6.56, a quick ratio of 6.56 and a debt-to-equity ratio of 0.86.
Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings data on Wednesday, July 28th. The company reported $0.29 EPS for the quarter, missing the consensus estimate of $0.47 by ($0.18). Industrial Logistics Properties Trust had a net margin of 36.22% and a return on equity of 8.50%. As a group, sell-side analysts forecast that Industrial Logistics Properties Trust will post 1.88 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ILPT. The Manufacturers Life Insurance Company lifted its position in Industrial Logistics Properties Trust by 4.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 38,419 shares of the company's stock worth $895,000 after buying an additional 1,553 shares during the last quarter. UBS Group AG raised its stake in shares of Industrial Logistics Properties Trust by 15.4% in the first quarter. UBS Group AG now owns 114,690 shares of the company's stock valued at $2,652,000 after acquiring an additional 15,329 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Industrial Logistics Properties Trust by 27.5% in the 1st quarter. Pacer Advisors Inc. now owns 347,201 shares of the company's stock worth $8,031,000 after acquiring an additional 74,928 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Industrial Logistics Properties Trust by 15.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 75,346 shares of the company's stock worth $1,743,000 after purchasing an additional 9,837 shares during the period. Finally, Bank of Montreal Can grew its holdings in Industrial Logistics Properties Trust by 3.9% during the 1st quarter. Bank of Montreal Can now owns 29,503 shares of the company's stock valued at $705,000 after purchasing an additional 1,116 shares during the last quarter. 85.85% of the stock is currently owned by hedge funds and other institutional investors.
Industrial Logistics Properties Trust Company Profile
ILPT 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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