Industrial Logistics Properties Trust (ILPT) Rating Reiterated by B. Riley

Industrial Logistics Properties Trust (NASDAQ:ILPT)‘s stock had its “buy” rating reiterated by analysts at B. Riley in a report released on Thursday. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2019 earnings at $0.39 EPS, Q2 2019 earnings at $0.44 EPS, Q1 2020 earnings at $0.45 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.46 EPS, Q4 2020 earnings at $0.46 EPS and FY2021 earnings at $1.87 EPS.

Separately, Zacks Investment Research cut shares of Industrial Logistics Properties Trust from a “hold” rating to a “sell” rating in a research note on Friday, December 28th.

NASDAQ:ILPT opened at $21.57 on Thursday. Industrial Logistics Properties Trust has a 52-week low of $18.21 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.42, a quick ratio of 4.71 and a current ratio of 4.71. The firm has a market cap of $1.36 billion and a price-to-earnings ratio of 13.40.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Wednesday, February 20th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.13). The firm had revenue of $42.07 million for the quarter, compared to the consensus estimate of $41.34 million. Industrial Logistics Properties Trust had a return on equity of 7.20% and a net margin of 45.77%. On average, analysts expect that Industrial Logistics Properties Trust will post 1.67 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the stock. Acadian Asset Management LLC purchased a new position in Industrial Logistics Properties Trust during the 3rd quarter valued at about $145,000. Renaissance Technologies LLC purchased a new stake in Industrial Logistics Properties Trust during the third quarter valued at $205,000. MetLife Investment Advisors LLC purchased a new stake in Industrial Logistics Properties Trust during the third quarter valued at $321,000. Marshall Wace LLP bought a new position in Industrial Logistics Properties Trust during the third quarter valued at $359,000. Finally, Dimensional Fund Advisors LP bought a new position in Industrial Logistics Properties Trust during the third quarter valued at $390,000. 56.03% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. Industrial Logistics Properties Trust (NasdaqGS:ILPT) operates independently of Select Income REIT as of December 27, 2018.

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