Industrial Logistics Properties Trust (NASDAQ:ILPT) Upgraded at Zacks Research

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

A number of other equities research analysts have also recently commented on ILPT. Wall Street Zen cut shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings upgraded shares of Industrial Logistics Properties Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Finally, Loop Capital set a $11.50 price target on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. One investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $11.50.

Industrial Logistics Properties Trust Stock Down 1.2%

ILPT opened at $7.09 on Tuesday. The business’s fifty day moving average is $8.27 and its two-hundred day moving average is $7.89. The company has a debt-to-equity ratio of 4.97, a quick ratio of 4.11 and a current ratio of 4.11. The company has a market cap of $473.59 million, a price-to-earnings ratio of -9.85 and a beta of 2.49. Industrial Logistics Properties Trust has a one year low of $4.92 and a one year high of $9.43.

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

Institutional Trading of Industrial Logistics Properties Trust

Several institutional investors and hedge funds have recently made changes to their positions in ILPT. CastleKnight Management LP boosted its stake in shares of 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 acquiring an additional 154,200 shares during the last quarter. Renaissance Technologies LLC raised its stake in Industrial Logistics Properties Trust by 59.8% in the 1st quarter. Renaissance Technologies LLC now owns 458,989 shares of the company’s stock valued at $2,607,000 after purchasing an additional 171,689 shares during the last quarter. Inspire Investing LLC lifted its holdings in Industrial Logistics Properties Trust by 16.3% in the 1st quarter. Inspire Investing LLC now owns 265,173 shares of the company’s stock valued at $1,506,000 after purchasing an additional 37,176 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Industrial Logistics Properties Trust in the 1st quarter valued at about $1,243,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $1,758,000. 49.08% of the stock is currently 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 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.