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

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

Brokerages have set a one year consensus target price of $25.70 for the company and are expecting that the company will post $0.40 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Industrial Logistics Properties Trust an industry rank of 187 out of 265 based on the ratings given to its competitors.

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

NASDAQ ILPT traded down $0.22 on Friday, hitting $20.78. The company had a trading volume of 136,682 shares, compared to its average volume of 326,727. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.07 and a quick ratio of 0.07. Industrial Logistics Properties Trust has a 12-month low of $17.21 and a 12-month high of $24.00.

The firm also recently announced a quarterly dividend, which will be paid on Monday, May 14th. Shareholders of record on Monday, April 30th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $1.08 annualized dividend and a yield of 5.20%.

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

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