Industrial Logistics Properties Trust (NASDAQ:ILPT) Downgraded by Zacks Investment Research

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Zacks Investment Research downgraded shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) from a hold rating to a sell rating in a research note issued to investors on Friday, Zacks.com reports.

According to Zacks, “Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties primarily in the United States. The Company’s properties include Hawaii properties, Mainland properties’ leases, Hawaii properties’ leases and Mainland properties. Industrial Logistics Properties Trust is based in NEWTON, United States. “

Shares of NASDAQ ILPT opened at $21.58 on Friday. The company has a fifty day moving average price of $19.73. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $1.40 billion, a price-to-earnings ratio of 13.40 and a beta of 0.94. Industrial Logistics Properties Trust has a one year low of $18.03 and a one year high of $24.70.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings data on Monday, April 29th. The company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.13). Industrial Logistics Properties Trust had a return on equity of 6.99% and a net margin of 42.85%. The company had revenue of $45.99 million for the quarter, compared to analyst estimates of $46.66 million. On average, equities analysts anticipate that Industrial Logistics Properties Trust will post 1.71 EPS for the current year.

Industrial Logistics Properties Trust Company Profile

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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