Stock analysts at B. Riley assumed coverage on shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in a report issued on Tuesday, February 6th, MarketBeat reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. B. Riley’s price objective would indicate a potential upside of 42.93% from the stock’s previous close. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.67 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $1.82 EPS.
A number of other equities analysts have also weighed in on ILPT. UBS Group assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They set a “neutral” rating and a $23.00 price target on the stock. Bank of America began coverage on shares of Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They issued a “buy” rating and a $25.00 target price on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $26.20.
Industrial Logistics Properties Trust (NASDAQ ILPT) traded down $0.15 on Tuesday, reaching $20.99. 182,400 shares of the company were exchanged, compared to its average volume of 482,268. Industrial Logistics Properties Trust has a 52-week low of $17.21 and a 52-week high of $24.00. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.12.
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Industrial Logistics Properties Trust Company Profile
Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties throughout the United States. The Company owns 266 properties with a total of approximately 28.5 million square feet, including: 226 buildings, leasable land parcels and easements totaling approximately 16.8 million square feet located on the island of Oahu, Hawaii; and 40 properties with approximately 11.7 million square feet located in 24 other states.
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