B. Riley Analysts Give Industrial Logistics Properties Trust (ILPT) a $29.00 Price Target

B. Riley set a $29.00 target price on Industrial Logistics Properties Trust (NASDAQ:ILPT) in a research report released on Monday. The firm currently has a buy rating on the stock. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q4 2018 earnings at $0.40 EPS, FY2018 earnings at $1.61 EPS, Q1 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.68 EPS and FY2020 earnings at $1.74 EPS.

Other analysts also recently issued reports about the company. Royal Bank of Canada restated a buy rating and issued a $26.00 price objective on shares of Industrial Logistics Properties Trust in a report on Tuesday, July 31st. Zacks Investment Research upgraded Industrial Logistics Properties Trust from a strong sell rating to a hold rating in a report on Wednesday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Industrial Logistics Properties Trust presently has a consensus rating of Buy and a consensus target price of $25.33.

ILPT stock opened at $21.29 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 5.27 and a current ratio of 4.71. Industrial Logistics Properties Trust has a 1-year low of $17.21 and a 1-year high of $24.70.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings data on Friday, October 26th. The company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.13). The firm had revenue of $40.43 million during the quarter, compared to the consensus estimate of $40.29 million. Industrial Logistics Properties Trust had a net margin of 44.65% and a return on equity of 7.80%. On average, sell-side analysts predict that Industrial Logistics Properties Trust will post 1.64 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 29th will be issued a $0.33 dividend. The ex-dividend date is Friday, October 26th. This represents a $1.32 annualized dividend and a dividend yield of 6.20%.

Hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at about $118,000. New York State Common Retirement Fund bought a new position in Industrial Logistics Properties Trust in the first quarter worth about $122,000. Royal Bank of Canada bought a new position in Industrial Logistics Properties Trust in the first quarter worth about $129,000. Acadian Asset Management LLC bought a new position in Industrial Logistics Properties Trust in the third quarter worth about $145,000. Finally, Cubist Systematic Strategies LLC bought a new position in Industrial Logistics Properties Trust in the first quarter worth about $215,000. Hedge funds and other institutional investors own 30.54% of the company’s stock.

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

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