Industrial Logistics Properties Trust’s Quiet Period To End on February 21st (NASDAQ:ILPT)

Industrial Logistics Properties Trust’s (NASDAQ:ILPT) quiet period is set to end on Wednesday, February 21st. Industrial Logistics Properties Trust had issued 20,000,000 shares in its IPO on January 12th. The total size of the offering was $480,000,000 based on an initial share price of $24.00. During Industrial Logistics Properties Trust’s quiet period, insiders and any underwriters involved in the IPO are prevented from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

A number of equities analysts have recently commented on the stock. JMP Securities assumed coverage on shares of Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set an “outperform” rating and a $26.00 price objective for the company. Royal Bank of Canada assumed coverage on shares of Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set an “outperform” rating and a $27.00 price objective for the company. B. Riley assumed coverage on shares of Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set a “buy” rating and a $30.00 price objective for the company. Bank of America assumed coverage on shares of Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set a “buy” rating and a $25.00 price objective for the company. Finally, UBS Group assumed coverage on shares of Industrial Logistics Properties Trust in a report on Tuesday, February 6th. They set a “neutral” rating and a $23.00 price objective for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.20.

Industrial Logistics Properties Trust (NASDAQ ILPT) opened at $21.14 on Wednesday. Industrial Logistics Properties Trust has a 1-year low of $17.21 and a 1-year 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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