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

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Stock analysts at B. Riley reduced their FY2018 earnings estimates for Industrial Logistics Properties Trust in a research note issued to investors on Monday, October 29th. B. Riley analyst B. Maher now expects that the company will earn $1.61 per share for the year, down from their prior 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.

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



Shares of NASDAQ:ILPT opened at $22.31 on Tuesday. The company has a quick ratio of 5.27, a current ratio of 5.27 and a debt-to-equity ratio of 0.37. Industrial Logistics Properties Trust has a 12-month low of $17.21 and a 12-month high of $24.70.

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

The firm also recently declared a quarterly dividend, which will be paid on Monday, November 12th. Shareholders 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 yield of 5.92%.

A number of hedge funds have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA boosted its stake in Industrial Logistics Properties Trust by 121.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,500,309 shares of the company’s stock worth $34,522,000 after purchasing an additional 822,097 shares during the period. BlackRock Inc. boosted its stake in Industrial Logistics Properties Trust by 32.2% in the 2nd quarter. BlackRock Inc. now owns 1,341,652 shares of the company’s stock worth $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 in the 2nd quarter worth approximately $20,674,000. Western Standard LLC boosted its stake in Industrial Logistics Properties Trust by 1.4% in the 2nd quarter. Western Standard LLC now owns 363,268 shares of the company’s stock worth $8,119,000 after purchasing an additional 4,956 shares during the period. Finally, TCW Group Inc. boosted its stake in Industrial Logistics Properties Trust by 1,495.6% in the 2nd quarter. TCW Group Inc. now owns 353,832 shares of the company’s stock worth $7,908,000 after purchasing an additional 331,656 shares during the period. Institutional investors and hedge funds own 30.54% of the company’s stock.

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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Earnings History and Estimates for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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