In yesterday’s Wall Street session, Industrial Logistics Properties Trust (NASDAQ:ILPT) shares traded at $3.99, up 1.53% from the previous session.
5 analysts cover Industrial Logistics Properties Trust (NASDAQ:ILPT), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $3.00, we find $5.00. Given the previous closing price of $3.93, this indicates a potential upside of 27.23 percent. ILPT stock price is now 4.44% away from the 50-day moving average and 19.15% away from the 200-day moving average. The market capitalization of the company currently stands at $258.19M.
The stock has received a hold rating from 3 analysts and a buy rating from 1. Brokers who have rated the stock have averaged $6.00 as their price target over the next twelve months.
In other news, PHELAN KEVIN C, Director bought 5,000 shares of the company’s stock on Aug 09. The stock was bought for $19,000 at an average price of $3.80. Upon completion of the transaction, the Director now directly owns 8,500 shares in the company, valued at $33915.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 27, Director JONES LISA HARRIS bought 50,000 shares of the business’s stock. A total of $188,390 was incurred on buying the stock at an average price of $3.77. This leaves the insider owning 70,000 shares of the company worth $0.28 million. Insiders disposed of 44,153 shares of company stock worth roughly $0.18 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ILPT stock. A new stake in Industrial Logistics Properties Trust shares was purchased by LONG POND CAPITAL, LP during the first quarter worth $4,013,000. STONE HOUSE CAPITAL MANAGEMENT, LLC invested $3,990,000 in shares of ILPT during the first quarter. In the first quarter, UNION SQUARE PARK CAPITAL MANAGEMENT, LLC acquired a new stake in Industrial Logistics Properties Trust valued at approximately $3,990,000. HOUSEHOLDER GROUP ESTATE & RETIREMENT SPECIALIST, LLC acquired a new stake in ILPT for approximately $1,658,000. RBF CAPITAL, LLC purchased a new stake in ILPT valued at around $1,622,000 in the second quarter. In total, there are 232 active investors with 87.20% ownership of the company’s stock.
On Friday morning Industrial Logistics Properties Trust (NASDAQ: ILPT) stock kicked off with the opening price of $4.0000. During the past 12 months, Industrial Logistics Properties Trust has had a low of $1.64 and a high of $7.77. The fifty day moving average price for ILPT is $3.8432 and a two-hundred day moving average price translates $3.3499 for the stock.
The latest earnings results from Industrial Logistics Properties Trust (NASDAQ: ILPT) was released for Jun, 2023. According to the REIT – Industrial Company, earnings per share came in at -$0.4, beating analysts’ expectations of -$0.45 by 0.05. This compares to -$2.20 EPS in the same period last year. The net profit margin was -29.80% and return on equity was -16.40% for ILPT. The company reported revenue of $108.04 million for the quarter, compared to $107.22 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.77 percent. For the current quarter, analysts expect ILPT to generate $108.55M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 08/17/2023. Investors who held shares on 07/24/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 1.00% percent yield. There was an ex-dividend date of 07/21/2023 for this dividend.
Industrial Logistics Properties Trust(ILPT) Company Profile
ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of June 30, 2023, ILPT’s portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. Approximately 77% of ILPT’s annualized rental revenues as of June 30, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with approximately $36 billion in assets under management as of June 30, 2023, and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.
