Additionally, the 36-month beta value for ILPT is 1.74. There are mixed opinions on the stock, with 3 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ILPT is 64.66M and currently, short sellers hold a 1.02% ratio of that float. The average trading volume of ILPT on April 19, 2024 was 356.39K shares.
ILPT) stock’s latest price update
Industrial Logistics Properties Trust (NASDAQ: ILPT)’s stock price has increased by 2.21 compared to its previous closing price of 3.62. However, the company has seen a -5.85% decrease in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-08 that I think that REITs are today offering a historic opportunity. But that does not mean that all REITs are good investments. I discuss 5 categories of REITs to avoid at all cost.
ILPT’s Market Performance
Industrial Logistics Properties Trust (ILPT) has experienced a -5.85% fall in stock performance for the past week, with a -8.87% drop in the past month, and a -5.85% drop in the past quarter. The volatility ratio for the week is 4.99%, and the volatility levels for the past 30 days are at 5.08% for ILPT. The simple moving average for the past 20 days is -7.19% for ILPT’s stock, with a -0.19% simple moving average for the past 200 days.
Analysts’ Opinion of ILPT
Berenberg, on the other hand, stated in their research note that they expect to see ILPT reach a price target of $28. The rating they have provided for ILPT stocks is “Hold” according to the report published on October 20th, 2021.
ILPT Trading at -5.95% from the 50-Day Moving Average
After a stumble in the market that brought ILPT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -24.18% of loss for the given period.
Volatility was left at 5.08%, however, over the last 30 days, the volatility rate increased by 4.99%, as shares sank -11.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.65% lower at present.
During the last 5 trading sessions, ILPT fell by -6.36%, which changed the moving average for the period of 200-days by -3.16% in comparison to the 20-day moving average, which settled at $3.96. In addition, Industrial Logistics Properties Trust saw -21.28% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ILPT starting from PHELAN KEVIN C, who purchase 5,000 shares at the price of $3.80 back on Aug 09 ’23. After this action, PHELAN KEVIN C now owns 8,500 shares of Industrial Logistics Properties Trust, valued at $19,000 using the latest closing price.
JONES LISA HARRIS, the Director of Industrial Logistics Properties Trust, purchase 50,000 shares at $3.77 during a trade that took place back on Jul 27 ’23, which means that JONES LISA HARRIS is holding 70,000 shares at $188,390 based on the most recent closing price.
Stock Fundamentals for ILPT
Current profitability levels for the company are sitting at:
- 0.09 for the present operating margin
- 0.86 for the gross margin
The net margin for Industrial Logistics Properties Trust stands at -0.28. The total capital return value is set at 0.01. Equity return is now at value -14.79, with -1.92 for asset returns.
Based on Industrial Logistics Properties Trust (ILPT), the company’s capital structure generated 0.87 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 6.49. The interest coverage ratio of the stock is 0.14.
Currently, EBITDA for the company is 315.84 million with net debt to EBITDA at 13.34. When we switch over and look at the enterprise to sales, we see a ratio of 10.19. The receivables turnover for the company is 3.67for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, Industrial Logistics Properties Trust (ILPT) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
