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

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

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Loop Capital set a $7.40 target price on shares of Industrial Logistics Properties Trust in a report on Tuesday, March 3rd. Wall Street Zen raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Finally, B. Riley Financial reissued a “buy” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday, April 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.40.

Industrial Logistics Properties Trust Stock Up 0.2%

ILPT stock opened at $8.70 on Tuesday. Industrial Logistics Properties Trust has a twelve month low of $4.43 and a twelve month high of $9.17. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 4.74. The stock’s 50 day moving average is $8.02 and its 200-day moving average is $6.54. The firm has a market capitalization of $580.03 million, a PE ratio of -10.61 and a beta of 2.50.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.06. The company had revenue of $116.42 million for the quarter, compared to analysts’ expectations of $114.82 million. Industrial Logistics Properties Trust had a negative return on equity of 5.93% and a negative net margin of 11.93%. Sell-side analysts expect that Industrial Logistics Properties Trust will post 1.34 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ILPT. Strs Ohio purchased a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter valued at $42,000. Rhumbline Advisers grew its position in Industrial Logistics Properties Trust by 16.3% during the second quarter. Rhumbline Advisers now owns 95,564 shares of the company’s stock valued at $435,000 after buying an additional 13,418 shares during the period. XTX Topco Ltd bought a new position in Industrial Logistics Properties Trust during the second quarter valued at about $200,000. Marshall Wace LLP increased its holdings in Industrial Logistics Properties Trust by 163.9% during the second quarter. Marshall Wace LLP now owns 84,725 shares of the company’s stock worth $385,000 after buying an additional 52,623 shares during the last quarter. Finally, Jump Financial LLC purchased a new stake in Industrial Logistics Properties Trust during the second quarter worth about $188,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

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.