Industrial Logistics Properties Trust (NASDAQ:ILPT) price on Friday, April 11, fall -8.06% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $2.51.
A look at the stock’s price movement, the close in the last trading session was $2.73, moving within a range at $2.45 and $2.71. The beta value (5-Year monthly) was 1.991. Turning to its 52-week performance, $5.45 and $2.63 were the 52-week high and 52-week low respectively. Overall, ILPT moved -25.96% over the past month.
Industrial Logistics Properties Trust’s market cap currently stands at around $166.02 million, with investors looking forward to this quarter’s earnings report slated for on 2024-Feb-19. The company has a Forward Dividend ratio of 0.04, with its dividend yield at 1.59%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
Analysts have a consensus estimate of 112.1M for the company’s revenue for the quarter, with a low and high estimate of 112.1M and 112.1M respectively. The average forecast suggests down to a -0.12% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 449.9M, representing a 1.71% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ILPT is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend ILPT as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ILPT’s current price about -23.95% and -30.79% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 25.41, while 7-day volatility ratio is 10.75% and 6.25% in the 30-day chart. Further, Industrial Logistics Properties Trust (ILPT) has a beta value of 2.15, and an average true range (ATR) of 0.21. Analysts have given the company’s stock an average 52-week price target of $10, forecast between a low of $10 and high of $10. Looking at the price targets, the low is -298.41% off current price level while to achieve the yearly target high, price needs to move -298.41%. Nonetheless, investors will most likely welcome a -298.41% jump to $10 which is the analysts’ median price.
If we refocus on Industrial Logistics Properties Trust (NASDAQ:ILPT), historical trading data shows that trading volumes averaged 0.62 over the past 10 days and 323.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 66.14 million shares.
The 20.82% of Industrial Logistics Properties Trust’s shares are in the hands of company insiders while institutional holders own 49.30% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.36 million on 2025-03-14, giving us a short ratio of 5.28. The data shows that as of 2025-03-14 short interest in Industrial Logistics Properties Trust (ILPT) stood at 210.0 of shares outstanding, with shares short rising to 1.27 million registered in 2025-02-14. Current price change has pushed the stock -31.23% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ILPT stock continues to rise going into the next quarter.
