Industrial Logistics Properties Trust (ILPT) Given $26.20 Consensus Target Price by Brokerages

Industrial Logistics Properties Trust (NASDAQ:ILPT) has earned 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 recommendation, one has assigned a buy recommendation and three have assigned a strong buy recommendation to the company.

Brokers have set a twelve-month consensus target price of $26.20 for the company, according to Zacks. Zacks has also given Industrial Logistics Properties Trust an industry rank of 229 out of 265 based on the ratings given to related companies.

A number of research analysts have weighed in on ILPT shares. B. Riley started coverage on Industrial Logistics Properties Trust in a report on Tuesday. They issued a “buy” rating and a $30.00 target price on the stock. Bank of America started coverage on Industrial Logistics Properties Trust in a report on Tuesday. They issued a “buy” rating and a $25.00 target price on the stock. UBS Group started coverage on Industrial Logistics Properties Trust in a report on Tuesday. They issued a “neutral” rating and a $23.00 target price on the stock. JMP Securities started coverage on Industrial Logistics Properties Trust in a report on Tuesday. They issued an “outperform” rating and a $26.00 target price on the stock. Finally, Royal Bank of Canada started coverage on Industrial Logistics Properties Trust in a report on Tuesday. They issued an “outperform” rating and a $27.00 target price on the stock.

Industrial Logistics Properties Trust (ILPT) traded down $0.35 during mid-day trading on Friday, reaching $21.30. The company’s stock had a trading volume of 287,871 shares, compared to its average volume of 538,325. Industrial Logistics Properties Trust has a 52 week low of $17.21 and a 52 week high of $24.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.07 and a current ratio of 0.07.

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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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