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Industrial Logistics Properties Trust (NASDAQ:ILPT) Share Price Recovers 55.68% From Its Lows, But Can It Maintain Its Rise?

In last trading session, Industrial Logistics Properties Trust (NASDAQ:ILPT) saw 1.22 million shares changing hands with its beta currently measuring 1.37. Company’s recent per share price level of $3.70 trading at -$0.05 or -1.33% at ring of the bell on the day assigns it a market valuation of $245.68M. That closing price of ILPT’s stock is at a discount of -110.0% from its 52-week high price of $7.77 and is indicating a premium of 55.68% from its 52-week low price of $1.64. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.48 million shares which gives us an average trading volume of 1.31 million if we extend that period to 3-months.

For Industrial Logistics Properties Trust (ILPT), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 3 suggested the stock as a Hold whereas 1 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.4 in the current quarter.

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Industrial Logistics Properties Trust (NASDAQ:ILPT) trade information

Upright in the red during last session for losing -1.33%, in the last five days ILPT remained trading in the green while hitting it’s week-highest on Monday, 09/11/23 when the stock touched $3.70 price level, adding 3.9% to its value on the day. Industrial Logistics Properties Trust’s shares saw a change of 13.15% in year-to-date performance and have moved 0.82% in past 5-day. Industrial Logistics Properties Trust (NASDAQ:ILPT) showed a performance of -3.65% in past 30-days. Number of shares sold short was 1.33 million shares which calculate 1.79 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $6.00 to the stock, which implies a rise of 38.33% to its current value. Analysts have been projecting $3.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -170.27% in reaching the projected high whereas dropping to the targeted low would mean a gain of 18.92% for stock’s current value.

Industrial Logistics Properties Trust (ILPT) estimates and forecasts

Statistics highlight that Industrial Logistics Properties Trust is scoring comparatively lower than the scores of other players of the relevant industry. The company added 15.26% of value to its shares in past 6 months, showing an annual growth rate of -60.68% while that of industry is -6.30. Apart from that, the company came lowering its revenue forecast for fiscal year 2023. The company is estimating its revenue growth to increase by 42.90% in the current quarter and calculating 16.70% increase in the next quarter. This year revenue growth is estimated to rise 12.20% from the last financial year’s standing.

5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $108.55 million for the same. And 5 analysts are in estimates of company making revenue of $108.72 million in the next quarter that will end on Dec 2023. Company posted $105.79 million and $106.34 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 2.60% while estimating it to be 2.20% for the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -37.00% during past 5 years. In 2023, company’s earnings growth rate is likely to be around -289.90% while estimates for its earnings growth in next 5 years are of 0.60%.

ILPT Dividends

Industrial Logistics Properties Trust is more likely to be releasing its next quarterly report in October and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.

Industrial Logistics Properties Trust (NASDAQ:ILPT)’s Major holders

Insiders are in possession of 11.50% of company’s total shares while institution are holding 79.15 percent of that, with stock having share float percentage of 89.43%. Investors also watch the number of corporate investors in a company very closely, which is 79.15% institutions for Industrial Logistics Properties Trust that are currently holding shares of the company. Vanguard Group Inc is the top institutional holder at ILPT for having 6.32 million shares of worth $20.87 million. And as of Jun 29, 2023, it was holding 9.62% of the company’s outstanding shares.

The second largest institutional holder is Blackrock Inc., which was holding about 2.81 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 4.28% of outstanding shares, having a total worth of $9.29 million.

On the other hand, Vanguard Specialized-Real Estate Index Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Apr 29, 2023, the former fund manager was holding 2.87 million shares of worth $5.92 million or 4.38% of the total outstanding shares. The later fund manager was in possession of 2.14 million shares on Jun 29, 2023, making its stake of worth around $7.05 million in the company or a holder of 3.25% of company’s stock.

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