Industrial Logistics Properties Trust (NASDAQ:ILPT) currently has a daily average trading volume of 1.55M but it saw 821026 shares traded on Thursday. With a market cap of 112.25M USD, stock’s current market price of $1.78 came falling about -1.11 while comparing to the previous closing price of $1.80. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.47 and as low as $1.64. In the recent trading on the day, stock has struck highest price mark of $1.80 while lowest mark touched by it was $1.71.
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Taking a look at 20-day trading activity of Industrial Logistics Properties Trust (ILPT) gives us an average price of $1.8960, while its current price level is -88.49% below from 52-week high level whereas it is 8.21% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.3214 while that of 200 days or SMA-200 reads an average of $4.3286. A closer look into the stock’s movement over the week reveals that its volatility is standing at 7.19% during that period while stretching the period over a month that decreases to 6.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.72 which implies that the stock is in neutral territory.
Industrial Logistics Properties Trust (ILPT)’s stock is currently under the radar of 5 analysts who are in consensus at a 12-month price target range of between $3.00 and $10.00 for company’s shares. The average price target assigned by the average number of analysts to a stock is a way to gauge worth of any stock in next 52 weeks. And in assigning price target to a stock, some analysts adopt a bearish approach by advocating lower-than-average price target which in this case is $3.00 while some adopt bullish approach by assigning higher-than-average price target which reads the price to top $10.00. Average price target assigned by them is $6.00 which highlights an upside potential of 70.33% for the stock over that period. And to attain the median price target of $5.00 assigned by those analysts, stock has to add about 64.4% of value to its current levels.
Data by FactSet Research shows that 5 analysts have issued their ratings for the stock. 0 of them are in opinions that stock is a Sell, while 0 are advising it as an Overweight. 1 analysts suggested the investors to Buy the stock while 3 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Hold.
Over the week, ILPT’s stock price is moving 1.14% up while it is -15.24% when we observe its performance for the past one month. Year-to-date it is -45.57% down and over the past year, the stock is showing a downside performance of -87.68%.
The latest quarterly earnings report issued by the company was for quarter ended 3/30/2023, when its quarterly earnings per share (EPS) of -$0.36 beat the consensus estimate of -$0.47 for the same. The company is expected to be releasing its next quarterly report in 07/27/2023, for which analysts forecasted an EPS of -$0.45 while estimate for next year EPS is -$1.69. For ILPT, analysts are forecasting an EPS-growth rate of 51.30% for current year and estimate for EPS growth in next year is 6.50%. In next quarter, company is expected to be making quarterly sales of $109.82 million as analysts are expecting the sales for current fiscal year at $439.76 million and seeing the company making $445.34 million in sales next year. Moreover, analysts are in estimates of $109.43 million for current-quarter revenue.
Currently, Industrial Logistics Properties Trust’s total number of outstanding shares is 65.31M with 1.58% of that held by the insiders while 87.64% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -0.20% and return on equity (ROE) at -30.50%. Stock’s beta reads 1.09. Stock has a price to book (P/B) ratio of 0.15 while price to sale or P/S ratio amounts to 0.26. Its return on asset (ROA) is -4.30% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Real Estate Index Fund came shrinking its share ownership by -0.15% in the Industrial Logistics Properties Trust (ILPT) decreasing its stake to 4.38% with control over 4360.0 shares in the company. In the most recent quarter, iShares Russell 2000 ETF came cutting its stake by -1.44% in the company and now holds 1.35 million or 2.06% of the company’s stake having worth of about 2.78 million.
