Industrial Logistics Properties Trust (NASDAQ:ILPT) Downgraded by Zacks Investment Research

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

According to Zacks, “Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties primarily in the United States. The Company’s properties include Hawaii properties, Mainland properties’ leases, Hawaii properties’ leases and Mainland properties. Industrial Logistics Properties Trust is based in NEWTON, United States. “

A number of other research firms have also commented on ILPT. Royal Bank of Canada boosted their price target on shares of Industrial Logistics Properties Trust from $26.00 to $28.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 3rd. B. Riley upped their target price on shares of Industrial Logistics Properties Trust from $32.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, July 30th. Finally, JMP Securities boosted their price target on shares of Industrial Logistics Properties Trust from $27.00 to $30.00 and gave the stock a “market outperform” rating in a research note on Friday, July 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $28.40.

Industrial Logistics Properties Trust stock opened at $27.52 on Tuesday. Industrial Logistics Properties Trust has a 52 week low of $18.76 and a 52 week high of $27.95. The company’s 50 day moving average price is $26.67 and its two-hundred day moving average price is $25.90. The company has a quick ratio of 7.12, a current ratio of 7.12 and a debt-to-equity ratio of 0.89. The stock has a market cap of $1.80 billion, a P/E ratio of 19.24, a P/E/G ratio of 5.94 and a beta of 1.02.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Wednesday, July 28th. The company reported $0.29 EPS for the quarter, missing analysts’ consensus estimates of $0.47 by ($0.18). Industrial Logistics Properties Trust had a return on equity of 9.07% and a net margin of 39.63%. On average, equities analysts anticipate that Industrial Logistics Properties Trust will post 1.89 EPS for the current year.

Large investors have recently modified their holdings of the company. Lazard Asset Management LLC raised its stake in shares of Industrial Logistics Properties Trust by 38.2% during the first quarter. Lazard Asset Management LLC now owns 1,636 shares of the company’s stock valued at $37,000 after acquiring an additional 452 shares during the last quarter. The PNC Financial Services Group Inc. raised its stake in shares of Industrial Logistics Properties Trust by 30.5% during the first quarter. The PNC Financial Services Group Inc. now owns 2,602 shares of the company’s stock valued at $61,000 after acquiring an additional 608 shares during the last quarter. FORA Capital LLC bought a new position in shares of Industrial Logistics Properties Trust during the second quarter valued at about $75,000. PNC Financial Services Group Inc. raised its stake in Industrial Logistics Properties Trust by 21.8% in the second quarter. PNC Financial Services Group Inc. now owns 3,168 shares of the company’s stock worth $83,000 after buying an additional 566 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Industrial Logistics Properties Trust by 149.3% in the first quarter. Acadian Asset Management LLC now owns 3,700 shares of the company’s stock worth $86,000 after buying an additional 2,216 shares in the last quarter. 85.11% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics buildings and leased industrial lands. The company was founded on September 15, 2017 and is headquartered in Newton, MA.

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Analyst Recommendations for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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