Tomorrow Is Not Likely To Be Same For Industrial Logistics Properties Trust (ILPT)

Flat Footed LLC has recently announced that it has increased stake in Industrial Logistics Properties Trust (NASDAQ:ILPT) by 259.52%. After grabbing 3.46 million shares, the institutional investor is now in possession of 2.5 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 5.28% having worth around $14.19 million. Moreover, SSgA Funds Management, Inc. increased its share by 0.39 million to have a control over 3.43 million shares. And Geode Capital Management LLC raised its holdings to 27054.0 shares by acquiring 1.42 million shares or 2.17% of the stake.

Industrial Logistics Properties Trust (ILPT) concluded trading on 03/16/23 at a closing price of $3.21, with 2.13 million shares of worth about $6.85 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -53.00% during that period and on Thursday the price saw a loss of about -2.43%. Currently the company’s common shares owned by public are about 65.31M shares, out of which, 64.54M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the ILPT stock and their offered price forecasts bring an average price target of $6.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $10.00 and could fall to a lowest price of $3.00. The stock’s current price level is 46.5% above of average price target set by the analysts, while a rise to estimated low would result in loss of -7.0% for the stock. However, touching the estimated high of $10.00 would mean a gain of 67.9% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 14 times over the past 12 months. They bought 58,500 shares in 11 of the transactions. In 3 selling transactions, insiders dumped 6,994 shares.

iShares Core S&P Small Cap ETF, Vanguard Real Estate Index Fund, and Vanguard Total Stock Market Index are the top 3 mutual funds which are holding stakes in Industrial Logistics Properties Trust iShares Core S&P Small Cap ETF is currently holding 5.04 million shares of worth totaling $20.68 million. The company recently came buying 12246.0 shares which brought its stake up to 7.69% of the company’s outstanding shares. Vanguard Real Estate Index Fund sold 23521.0 shares, after which its hold over company’s outstanding shares shrunk to 4.44%, leaving 2.91 million shares with the mutual fund that have a worth of about $11.93 million. Vanguard Total Stock Market Index, after buying 2.14 million shares, have now control over 3.26% of the stake in the company. It holds 0.0 shares of worth $8.75 million.

Industrial Logistics Properties Trust (NASDAQ: ILPT) started trading at $3.24, below -$0.05 from concluding price of the previous day. However, the stock later moved at a day high price of 3.3400, or with a loss of -2.43%. Stock saw a price change of -13.48% in past 5 days and over the past one month there was a price change of -21.71%. Year-to-date (YTD), ILPT shares are showing a performance of -1.83% which decreased to -85.16% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.05 but also hit the highest price of $23.08 during that period. The average intraday trading volume for Industrial Logistics Properties Trust shares is 1.03 million. The stock is currently trading -21.29% below its 20-day simple moving average (SMA20), while that difference is down -22.24% for SMA50 and it goes to -53.36% lower than SMA200.

Flat Footed LLC acquired 3.46 million shares of Industrial Logistics Properties Trust having value of about $14.19 million. Data submitted at the U.S SEC by Flat Footed LLC revealed that the firm now holds 2.5 million shares in the company valued at close to $8020371.18, or have control over 259.52% stake in the company. Industrial Logistics Properties Trust (NASDAQ: ILPT) currently have 65.31M outstanding shares and institutions hold larger chunk of about 87.20% of that. Holding of mutual funds in the company is about 47.11% while other institutional holders and individual stake holders have control over 70.21% and 40.70% of the stake respectively.

The stock has a current market capitalization of $223.13M and its 3Y-monthly beta is at 1.14. It has posted earnings per share of -$3.48 in the same period. It has a debt-to-equity ratio of 0.00. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ILPT, volatility over the week remained 8.57% while standing at 8.34% over the month.

Analysts are in expectations that Industrial Logistics Properties Trust (ILPT) stock would likely to be making an EPS of -$0.53 in the current quarter, while forecast for next quarter EPS is -$0.44 and it is -$1.64 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.53 which is -$0.53 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.97 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -289.90% while it is estimated to increase by 26.30% in next year. EPS is likely to grow at an annualized rate of 0.60% for next 5-years, compared to annual growth of -37.00% made by the stock over the past 5-years.

Coverage by Berenberg stated Industrial Logistics Properties Trust (ILPT) stock as a Hold in their note to investors on October 20, 2021, suggesting a price target of $28 for the stock. On April 26, 2021, BTIG Research Initiated their recommendations, while on June 08, 2020, JMP Securities Resumed their ratings for the stock with a price target of $27. Stock get a Sector perform rating from RBC Capital Mkts on August 07, 2019.