Industrial Logistics Properties Trust (ILPT) to Post FY2018 Earnings of $1.61 Per Share, B. Riley Forecasts

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Industrial Logistics Properties Trust (NASDAQ:ILPT) – B. Riley decreased their FY2018 earnings per share estimates for shares of Industrial Logistics Properties Trust in a report released on Monday, October 29th. B. Riley analyst B. Maher now forecasts that the company will earn $1.61 per share for the year, down from their previous estimate of $1.63. B. Riley currently has a “Buy” rating and a $29.00 target price on the stock. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q4 2018 earnings at $0.40 EPS, Q1 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.42 EPS, Q4 2019 earnings at $0.42 EPS, FY2019 earnings at $1.68 EPS and FY2020 earnings at $1.74 EPS.

Other research analysts also recently issued research reports about the stock. Royal Bank of Canada reiterated a “buy” rating and issued a $26.00 target price on shares of Industrial Logistics Properties Trust in a research note on Tuesday, July 31st. Zacks Investment Research upgraded shares of Industrial Logistics Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $25.33.

Shares of NASDAQ ILPT opened at $21.63 on Tuesday. Industrial Logistics Properties Trust has a 52-week low of $17.21 and a 52-week high of $24.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.27 and a current ratio of 5.27.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Friday, October 26th. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.13). The firm had revenue of $40.43 million during the quarter, compared to the consensus estimate of $40.29 million. Industrial Logistics Properties Trust had a return on equity of 10.76% and a net margin of 47.40%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its stake in shares of Industrial Logistics Properties Trust by 121.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,500,309 shares of the company’s stock worth $34,522,000 after buying an additional 822,097 shares in the last quarter. BlackRock Inc. lifted its position in Industrial Logistics Properties Trust by 32.2% during the second quarter. BlackRock Inc. now owns 1,341,652 shares of the company’s stock valued at $29,985,000 after purchasing an additional 327,131 shares during the period. Newtyn Management LLC bought a new position in Industrial Logistics Properties Trust during the second quarter valued at approximately $20,674,000. TCW Group Inc. lifted its position in Industrial Logistics Properties Trust by 62.8% during the third quarter. TCW Group Inc. now owns 576,169 shares of the company’s stock valued at $13,258,000 after purchasing an additional 222,337 shares during the period. Finally, Western Standard LLC lifted its position in Industrial Logistics Properties Trust by 1.4% during the second quarter. Western Standard LLC now owns 363,268 shares of the company’s stock valued at $8,119,000 after purchasing an additional 4,956 shares during the period. Hedge funds and other institutional investors own 30.54% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 12th. Stockholders of record on Monday, October 29th will be paid a $0.33 dividend. The ex-dividend date is Friday, October 26th. This represents a $1.32 annualized dividend and a dividend yield of 6.10%.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

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