Zacks Research Upgrades Industrial Logistics Properties Trust (NASDAQ:ILPT) to "Strong-Buy"

Key Points

• Zacks Research upgraded Industrial Logistics Properties Trust (ILPT) from "hold" to "strong-buy" in its latest report.
• Analyst views remain mixed—one Strong Buy, one Buy and one Sell—resulting in a MarketBeat consensus of "Moderate Buy" with a $6.20 price target, which is below the stock's recent ~$7.16 trading level.
• ILPT's most recent quarter missed on EPS (reported -$0.03 vs. $0.28 expected), posted negative ROE and net margin, and has a high debt-to-equity ratio (~4.66), signaling profitability and leverage risks.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.

Other research analysts have also issued reports about the stock. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, January 28th. B. Riley Financial reiterated a "buy" rating on shares of Industrial Logistics Properties Trust in a report on Thursday. Finally, Loop Capital set a $7.40 price objective on Industrial Logistics Properties Trust in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $6.20.

Industrial Logistics Properties Trust Trading Down 2.3%

Shares of ILPT stock opened at $7.16 on Wednesday. The company has a market cap of $477.21 million, a PE ratio of -7.09 and a beta of 2.39. Industrial Logistics Properties Trust has a 1 year low of $2.48 and a 1 year high of $7.76. The stock's 50 day simple moving average is $5.97 and its two-hundred day simple moving average is $5.70. The company has a debt-to-equity ratio of 4.66, a current ratio of 4.29 and a quick ratio of 4.29.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last announced its earnings results on Wednesday, February 18th. The company reported ($0.03) EPS for the quarter, missing analysts' consensus estimates of $0.28 by ($0.31). Industrial Logistics Properties Trust had a negative return on equity of 7.08% and a negative net margin of 14.75%.The company had revenue of $113.91 million during the quarter, compared to analysts' expectations of $111.73 million. Research analysts predict that Industrial Logistics Properties Trust will post 1.28 earnings per share for the current year.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

A number of institutional investors have recently modified their holdings of ILPT. Quarry LP purchased a new stake in shares of Industrial Logistics Properties Trust in the third quarter valued at approximately $28,000. Advisory Services Network LLC purchased a new position in Industrial Logistics Properties Trust during the 3rd quarter worth $34,000. Royal Bank of Canada increased 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 worth $36,000 after purchasing an additional 5,224 shares during the period. Strs Ohio bought a new stake in Industrial Logistics Properties Trust during the 1st quarter valued at $42,000. Finally, Retirement Planning Co of New England Inc. bought a new stake in Industrial Logistics Properties Trust during the 4th quarter valued at $56,000. 49.08% of the stock is owned by hedge funds and other institutional investors.

About Industrial Logistics Properties Trust

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.

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