Bank of America began coverage on shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in a research report sent to investors on Tuesday, February 6th, Marketbeat Ratings reports. The firm issued a buy rating and a $25.00 price objective on the stock.
Separately, UBS Group initiated coverage on Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a neutral rating and a $23.00 target price on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $26.20.
Shares of Industrial Logistics Properties Trust (NASDAQ ILPT) opened at $20.99 on Tuesday. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12. Industrial Logistics Properties Trust has a 52 week low of $17.21 and a 52 week high of $24.00.
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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