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

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

Several other research analysts have also recently weighed in on ILPT. Weiss Ratings restated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research report on Wednesday. Wall Street Zen lowered Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Finally, Loop Capital set a $11.50 target price on Industrial Logistics Properties Trust in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Industrial Logistics Properties Trust Stock Down 4.9%

NASDAQ ILPT opened at $6.98 on Wednesday. The stock’s 50 day simple moving average is $7.54 and its 200 day simple moving average is $7.35. Industrial Logistics Properties Trust has a one year low of $5.01 and a one year high of $9.43. The firm has a market cap of $465.89 million, a PE ratio of -8.21 and a beta of 2.54. The company has a debt-to-equity ratio of 4.97, a current ratio of 4.11 and a quick ratio of 4.11.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings data on Wednesday, October 28th. The company reported ($0.46) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.32). Industrial Logistics Properties Trust had a negative net margin of 12.12% and a negative return on equity of 6.39%. The company had revenue of $116.81 million during the quarter, compared to analyst estimates of $117.48 million. As a group, sell-side analysts forecast that Industrial Logistics Properties Trust will post 1.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. State of Wyoming lifted its stake in Industrial Logistics Properties Trust by 17.9% in the 1st quarter. State of Wyoming now owns 14,469 shares of the company’s stock valued at $82,000 after purchasing an additional 2,194 shares during the last quarter. Hillsdale Investment Management Inc. increased its position in Industrial Logistics Properties Trust by 4.7% during the first quarter. Hillsdale Investment Management Inc. now owns 66,300 shares of the company’s stock worth $377,000 after acquiring an additional 3,000 shares during the period. Royal Bank of Canada boosted its stake in shares of Industrial Logistics Properties Trust by 72.8% in the first quarter. Royal Bank of Canada now owns 11,361 shares of the company’s stock valued at $64,000 after buying an additional 4,788 shares during the period. D.A. Davidson & CO. increased its position in shares of Industrial Logistics Properties Trust by 3.7% in the third quarter. D.A. Davidson & CO. now owns 141,687 shares of the company’s stock worth $1,006,000 after purchasing an additional 5,087 shares during the period. Finally, Asset Management One Co. Ltd. boosted its position in shares of Industrial Logistics Properties Trust by 7.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 88,883 shares of the company’s stock worth $631,000 after acquiring an additional 5,828 shares in the last quarter. Institutional investors and hedge funds 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 owning and leasing industrial and logistics properties. Its portfolio includes distribution centers, warehouse facilities, and other properties used for transportation, storage, manufacturing, and related business activities.

The company serves tenants across the United States, with properties located in a variety of major logistics markets and industrial regions. Its facilities support supply-chain operations for businesses that require strategically located space near transportation networks and population centers.

Industrial Logistics Properties Trust was established in 2017 and is externally managed by The RMR Group, a property management and real estate services company.