Zacks: Industrial Logistics Properties Trust (ILPT) Given Average Recommendation of “Buy” by Analysts

Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) have earned an average broker rating score of 1.60 (Buy) from the five brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation, one has assigned a buy recommendation and three have given a strong buy recommendation to the company.

Brokers have set a twelve-month consensus target price of $26.20 for the company and are anticipating that the company will post $0.40 EPS for the current quarter, according to Zacks. Zacks has also assigned Industrial Logistics Properties Trust an industry rank of 210 out of 265 based on the ratings given to its competitors.

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Several analysts have recently commented on the company. Bank of America assumed coverage on Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set a “buy” rating and a $25.00 target price on the stock. UBS assumed coverage on Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set a “neutral” rating and a $23.00 target price on the stock. JMP Securities assumed coverage on Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set an “outperform” rating and a $26.00 target price on the stock. B. Riley assumed coverage on Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set a “buy” rating and a $30.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set an “outperform” rating and a $27.00 target price on the stock.

Shares of ILPT stock traded down $0.07 during trading hours on Thursday, hitting $20.23. 235,375 shares of the company’s stock were exchanged, compared to its average volume of 360,966. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.07 and a current ratio of 0.07. Industrial Logistics Properties Trust has a 52 week low of $17.21 and a 52 week high of $24.00.

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About Industrial Logistics Properties Trust

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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