Industrial Logistics Properties Trust (ILPT) Given Consensus Rating of “Buy” by Brokerages

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

Analysts have set a twelve-month consensus price objective of $26.20 for the company, according to Zacks. Zacks has also assigned Industrial Logistics Properties Trust an industry rank of 228 out of 265 based on the ratings given to its competitors.

A number of research firms have recently issued reports on ILPT. JMP Securities began coverage on Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $26.00 price objective for the company. Royal Bank of Canada began coverage on Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $27.00 price objective for the company. B. Riley began coverage on Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a “buy” rating and a $30.00 price objective for the company. Bank of America began coverage on Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a “buy” rating and a $25.00 price objective for the company. Finally, UBS Group began coverage on Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a “neutral” rating and a $23.00 price objective for the company.

Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) opened at $21.30 on Friday. Industrial Logistics Properties Trust has a 52-week low of $17.21 and a 52-week high of $24.00. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.12.

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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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