Industrial Logistics Properties Trust (NASDAQ:ILPT) Stock Rating Upgraded by Zacks Research

Industrial Logistics Properties Trust (NASDAQ:ILPT) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Tuesday, Zacks reports.

Several other analysts have also recently commented on the company. Loop Capital set a $11.50 target price on Industrial Logistics Properties Trust in a research report on Wednesday, July 22nd. Weiss Ratings raised Industrial Logistics Properties Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen downgraded Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Industrial Logistics Properties Trust has an average rating of “Moderate Buy” and an average target price of $11.50.

Industrial Logistics Properties Trust Stock Down 1.2%

ILPT stock opened at $7.09 on Tuesday. The company has a debt-to-equity ratio of 4.97, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $473.59 million, a P/E ratio of -9.85 and a beta of 2.49. Industrial Logistics Properties Trust has a 52-week low of $4.92 and a 52-week high of $9.43. The company’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $7.89.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). Industrial Logistics Properties Trust had a negative return on equity of 5.34% and a negative net margin of 10.37%.The firm had revenue of $114.12 million during the quarter, compared to analyst estimates of $116.10 million. As a group, equities research analysts anticipate that Industrial Logistics Properties Trust will post 1.37 EPS for the current year.

Institutional Trading of Industrial Logistics Properties Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. CastleKnight Management LP boosted its position in Industrial Logistics Properties Trust by 8.8% during the fourth quarter. CastleKnight Management LP now owns 1,911,859 shares of the company’s stock valued at $10,592,000 after purchasing an additional 154,200 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Industrial Logistics Properties Trust by 59.8% during the 1st quarter. Renaissance Technologies LLC now owns 458,989 shares of the company’s stock worth $2,607,000 after purchasing an additional 171,689 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 16.3% during the 1st quarter. Inspire Investing LLC now owns 265,173 shares of the company’s stock valued at $1,506,000 after buying an additional 37,176 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Industrial Logistics Properties Trust in the 1st quarter valued at approximately $1,243,000. Finally, Bank of New York Mellon Corp acquired a new position in Industrial Logistics Properties Trust in the second quarter worth approximately $1,758,000. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (NASDAQ:ILPT) is a real estate investment trust that owns and manages industrial and logistics properties in the United States. Its portfolio is designed to support essential supply-chain activities and includes distribution centers, warehouses, manufacturing facilities, and other industrial properties.

The trust generally leases its properties to business and government tenants, with locations serving a range of industries and transportation markets.