Industrial Logistics Properties Trust (NASDAQ:ILPT) Stock Rating Lowered by Wall Street Zen

Industrial Logistics Properties Trust (NASDAQ:ILPT) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other research analysts have also issued reports about the company. Loop Capital set a $11.50 price objective on Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. Weiss Ratings raised Industrial Logistics Properties Trust from a “sell (d-)” rating to a “sell (d)” rating in a report on Thursday. B. Riley Financial reissued a “buy” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday, April 23rd. Finally, Zacks Research downgraded shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $11.50.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ:ILPT opened at $8.61 on Friday. Industrial Logistics Properties Trust has a 12-month low of $4.92 and a 12-month high of $9.43. The stock has a market cap of $574.72 million, a PE ratio of -11.96 and a beta of 2.49. The business has a 50 day moving average of $8.80 and a 200-day moving average of $7.16. The company has a quick ratio of 4.11, a current ratio of 4.11 and a debt-to-equity ratio of 4.97.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Wednesday, July 29th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). The firm had revenue of $114.12 million for the quarter, compared to the consensus estimate of $116.10 million. Industrial Logistics Properties Trust had a negative return on equity of 5.34% and a negative net margin of 10.37%. As a group, equities research analysts forecast that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current year.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ILPT. Quarry LP bought a new stake in shares of Industrial Logistics Properties Trust during the 3rd quarter valued at $28,000. Advisory Services Network LLC bought a new position in shares of Industrial Logistics Properties Trust in the third quarter worth $34,000. Royal Bank of Canada increased its position in shares of Industrial Logistics Properties Trust by 387.2% in the fourth quarter. Royal Bank of Canada now owns 6,573 shares of the company’s stock worth $36,000 after purchasing an additional 5,224 shares during the period. SteelPeak Wealth LLC acquired a new position in Industrial Logistics Properties Trust in the first quarter valued at about $57,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in Industrial Logistics Properties Trust in the fourth quarter valued at about $56,000. 49.08% of the stock is owned by institutional investors and hedge funds.

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.