Industrial Logistics Properties Trust (NASDAQ:ILPT) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

ILPT has been the topic of a number of other research reports. B. Riley Financial reaffirmed a “buy” rating on shares of Industrial Logistics Properties Trust in a report on Thursday, April 23rd. Wall Street Zen upgraded Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. Weiss Ratings cut shares of Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a report on Thursday, May 28th. Finally, Loop Capital set a $7.40 price target on shares of Industrial Logistics Properties Trust in a research note on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, one has issued 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 an average price target of $7.40.

Industrial Logistics Properties Trust Trading Up 0.2%

Shares of Industrial Logistics Properties Trust stock opened at $8.70 on Tuesday. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 4.74. Industrial Logistics Properties Trust has a 12-month low of $4.43 and a 12-month high of $9.17. The company has a market capitalization of $580.03 million, a price-to-earnings ratio of -10.61 and a beta of 2.50. The firm’s 50-day moving average price is $8.02 and its two-hundred day moving average price is $6.54.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $116.42 million during the quarter, compared to the consensus estimate of $114.82 million. Industrial Logistics Properties Trust had a negative net margin of 11.93% and a negative return on equity of 5.93%. On average, analysts forecast that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current fiscal year.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Shareholders of record on Tuesday, April 21st were given a $0.05 dividend. The ex-dividend date was Tuesday, April 21st. This represents a $0.20 annualized dividend and a yield of 2.3%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is currently -24.39%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Strs Ohio acquired a new position in Industrial Logistics Properties Trust in the 1st quarter valued at approximately $42,000. Rhumbline Advisers raised its position in Industrial Logistics Properties Trust by 16.3% during the 2nd quarter. Rhumbline Advisers now owns 95,564 shares of the company’s stock worth $435,000 after purchasing an additional 13,418 shares during the last quarter. XTX Topco Ltd acquired a new position in Industrial Logistics Properties Trust during the 2nd quarter worth about $200,000. Marshall Wace LLP grew its position in shares of Industrial Logistics Properties Trust by 163.9% in the 2nd quarter. Marshall Wace LLP now owns 84,725 shares of the company’s stock valued at $385,000 after buying an additional 52,623 shares during the last quarter. Finally, Jump Financial LLC bought a new position in Industrial Logistics Properties Trust during the 2nd quarter worth approximately $188,000. 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.