Industrial Logistics Properties Trust (ILPT) Lowered to Sell at Zacks Investment Research

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Zacks Investment Research downgraded shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) from a hold rating to a sell rating in a report published on Wednesday.

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. “

ILPT has been the topic of several other reports. Bank of America lowered Industrial Logistics Properties Trust from a neutral rating to an underperform rating in a research report on Thursday, January 3rd. B. Riley set a $29.00 price target on Industrial Logistics Properties Trust and gave the company a buy rating in a research report on Monday, October 29th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $25.33.

Shares of NASDAQ ILPT traded up $0.01 during mid-day trading on Wednesday, hitting $19.48. 20,873 shares of the stock traded hands, compared to its average volume of 1,228,350. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.71 and a current ratio of 4.71. Industrial Logistics Properties Trust has a 52 week low of $17.21 and a 52 week high of $24.70.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings results on Friday, October 26th. The company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by ($0.13). Industrial Logistics Properties Trust had a net margin of 44.65% and a return on equity of 7.80%. The firm had revenue of $40.43 million for the quarter, compared to the consensus estimate of $40.29 million. As a group, equities analysts predict that Industrial Logistics Properties Trust will post 1.61 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Industrial Logistics Properties Trust in the second quarter worth $118,000. Acadian Asset Management LLC bought a new stake in Industrial Logistics Properties Trust in the third quarter worth $145,000. Renaissance Technologies LLC bought a new stake in Industrial Logistics Properties Trust in the third quarter worth $205,000. MetLife Investment Advisors LLC bought a new stake in Industrial Logistics Properties Trust in the third quarter worth $321,000. Finally, Marshall Wace LLP bought a new stake in Industrial Logistics Properties Trust in the third quarter worth $359,000. 33.47% of the stock is currently owned by institutional investors and hedge funds.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

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