Industrial Logistics Properties Trust (NASDAQ:ILPT) Receives New Coverage from Analysts at B. Riley

Analysts at B. Riley assumed coverage on shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in a research report issued on Tuesday, February 6th, Marketbeat Ratings reports. The brokerage set a “buy” rating and a $30.00 price target on the stock. B. Riley’s price target would suggest a potential upside of 42.93% from the stock’s current price. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2018 earnings at $0.39 EPS, Q2 2018 earnings at $0.42 EPS, Q3 2018 earnings at $0.42 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $1.67 EPS, Q1 2019 earnings at $0.45 EPS, Q2 2019 earnings at $0.45 EPS, Q3 2019 earnings at $0.46 EPS, Q4 2019 earnings at $0.47 EPS and FY2019 earnings at $1.82 EPS.

A number of other brokerages also recently weighed in on ILPT. UBS Group initiated coverage on shares of Industrial Logistics Properties Trust in a research note on Tuesday, February 6th. They set a “neutral” rating and a $23.00 target price for the company. Bank of America assumed coverage on shares of Industrial Logistics Properties Trust in a research note on Tuesday, February 6th. They set a “buy” rating and a $25.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Industrial Logistics Properties Trust currently has a consensus rating of “Buy” and a consensus target price of $26.20.

Industrial Logistics Properties Trust (ILPT) remained flat at $$20.99 during mid-day trading on Tuesday. The stock had a trading volume of 92,100 shares, compared to its average volume of 465,430. Industrial Logistics Properties Trust has a 52 week low of $17.21 and a 52 week high of $24.00. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.12.

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About Industrial Logistics Properties Trust

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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