NASDAQ:ILPTIndustrial Logistics Properties Trust Stock Price, Forecast & News

Industrial Logistics Properties Trust's stock was trading at $18.59 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, ILPT stock has increased by 16.7% and is now trading at $21.70.
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4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Industrial Logistics Properties Trust in the last year. There are currently 1 sell rating, 1 hold rating and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Industrial Logistics Properties Trust is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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Industrial Logistics Properties Trust (NASDAQ:ILPT) posted its quarterly earnings data on Wednesday, July, 29th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.46 by $0.23. The firm had revenue of $65.11 million for the quarter, compared to the consensus estimate of $64.10 million. Industrial Logistics Properties Trust had a net margin of 19.90% and a return on equity of 4.81%.
View Industrial Logistics Properties Trust's earnings history.

Industrial Logistics Properties Trust declared a quarterly dividend on Thursday, July 16th. Stockholders of record on Monday, July 27th will be given a dividend of $0.33 per share on Thursday, August 20th. This represents a $1.32 annualized dividend and a dividend yield of 6.08%. The ex-dividend date of this dividend is Friday, July 24th.
View Industrial Logistics Properties Trust's dividend history.

4 brokerages have issued twelve-month target prices for Industrial Logistics Properties Trust's shares. Their forecasts range from $22.00 to $29.00. On average, they anticipate Industrial Logistics Properties Trust's stock price to reach $26.00 in the next twelve months. This suggests a possible upside of 19.8% from the stock's current price.
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News headlines about ILPT stock have been trending extremely negative on Sunday, according to InfoTrie Sentiment Analysis. The research firm identifies negative and positive media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Industrial Logistics Properties Trust earned a news impact score of -4.8 on InfoTrie's scale. They also gave media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the company's share price in the next few days.
View the latest news about Industrial Logistics Properties Trust.

Industrial Logistics Properties Trust saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 2,590,000 shares, a drop of 9.4% from the July 15th total of 2,860,000 shares. Based on an average daily trading volume, of 344,700 shares, the days-to-cover ratio is presently 7.5 days. Approximately 4.0% of the shares of the stock are short sold.
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Some companies that are related to Industrial Logistics Properties Trust include Apartment Investment and Management (AIV), First Industrial Realty Trust (FR), Eastgroup Properties (EGP), CoreSite Realty (COR), Klepierre (KLPEF), Kimco Realty (KIM), Douglas Emmett (DEI), Stag Industrial (STAG), American Campus Communities (ACC), Life Storage (LSI), Cousins Properties (CUZ), Starwood Property Trust (STWD), QTS Realty Trust (QTS), Highwoods Properties (HIW) and Healthcare Realty Trust (HR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Industrial Logistics Properties Trust investors own include Verizon Communications (VZ), AT&T (T), Halliburton (HAL), AbbVie (ABBV), Bristol-Myers Squibb (BMY), Chevron (CVX), Altria Group (MO), ANNALY CAP MGMT/SH (NLY), PepsiCo (PEP) and Pfizer (PFE).

(ILPT) raised $590 million in an initial public offering on Friday, January 12th 2018. The company issued 20,000,000 shares at a price of $28.00-$31.00 per share. UBS Investment Bank, Citigroup, RBC Capital Markets, BofA Merrill Lynch, Morgan Stanley and Wells Fargo Securities acted as the underwriters for the IPO and B. Riley | FBR, BB&T Capital Markets, Janney Montgomery Scott, JMP Securities and Oppenheimer were co-managers.

Industrial Logistics Properties Trust trades on the NASDAQ under the ticker symbol "ILPT."

Industrial Logistics Properties Trust's stock is owned by many different institutional and retail investors. Top institutional investors include LSV Asset Management (4.35%), Principal Financial Group Inc. (1.74%), TCW Group Inc. (0.82%), Russell Investments Group Ltd. (0.72%), Foundry Partners LLC (0.42%) and Peregrine Capital Management LLC (0.40%).

ILPT stock was sold by a variety of institutional investors in the last quarter, including Principal Financial Group Inc., TCW Group Inc., UBS Group AG, 6 Meridian, Exchange Traded Concepts LLC, Meritage Portfolio Management, New York State Teachers Retirement System, and Mackay Shields LLC.

ILPT stock was bought by a variety of institutional investors in the last quarter, including Russell Investments Group Ltd., WINTON GROUP Ltd, SG Americas Securities LLC, Pacer Advisors Inc., Swiss National Bank, Garner Asset Management Corp, First Trust Advisors LP, and Foundry Partners LLC.

Shares of ILPT can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of ILPT stock can currently be purchased for approximately $21.70.

Industrial Logistics Properties Trust has a market capitalization of $1.42 billion and generates $229.23 million in revenue each year. The company earns $52.50 million in net income (profit) each year or $1.76 on an earnings per share basis.

The official website for Industrial Logistics Properties Trust is www.ilptreit.com.

Industrial Logistics Properties Trust's mailing address is TWO NEWTON PLACE 255 WASHINGTON STREET SUITE 300, NEWTON MA, 02458. The company can be reached via phone at 617-219-1460 or via email at [email protected]