At the last check on Thursday, Industrial Logistics Properties Trust’s (NASDAQ:ILPT) stock was up $0.23, moving up 5.99 percent to $4.07. The average number of shares traded per day over the past five days has been 652,829 shares. 3 times new highs have been achieved over the past 5 days, with a $0.24 gain in that time frame. In the last twenty days, the average volume was 862,012, while in the previous 50 days, it was 1,751,511.
Since last month, ILPT stock retreated -0.97%. Shares of the company fell to $3.61 on 07/27/23, the lowest level in the past month. A 52-week high of $9.31 was reached on 02/17/23 after having rallying from a 52-week low of $1.64. Since the beginning of this year, ILPT’s stock price has risen by 24.46% or $0.80, and marked a new high 10 times. However, the stock has declined by -56.28% since its 52-week high.
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ILPT stock investors should be aware that Industrial Logistics Properties Trust (ILPT) stock had its last reported insider trading activity 8 days ago on Aug 09. PHELAN KEVIN C, the Director of the company, purchased of 5,000 shares for $3.80 on Aug 09. It resulted in a $19,000 investment by the insider. JONES LISA HARRIS added 50,000 shares at an average price of $3.77 on Jul 27. The insider now owns 70,000 shares following the transaction. On Jul 27, Director Morea Joseph bought 20,000 shares at $3.68 apiece. The transaction was valued at $73,654.
Valuation Metrics
The stock’s beta is 1.37. Besides these, the trailing price-to-sales (P/S) ratio of 0.60, the price-to-book (PB) ratio of 0.36.
The latest dividend of $0.01 per share was paid out, remained unchanged from last year’s $0.01. On Thursday July 14 2022, a $0.32 dividend decrease was announced.
Financial Health
According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 5.78, and the total debt-to-equity ratio was 5.78. On the profitability front, the trailing twelve-month gross margin is 86.10% percent. In the year ended June 29, operating margins totaled 21.50%. Based on annual data, ILPT earned $11.48 million in gross profit and brought in $388.15 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -0.20%. Return on equity (ROE) for the past 12 months was -16.40%.
In Industrial Logistics Properties Trust’s quarter-end financial report for June 29, it reported total debt of $4.3 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ILPT’s revenue rose 0.76% to $110.26 million during the quarter, while net income inched up to $108.04 million. While analysts expected Industrial Logistics Properties Trust to report -$0.45 quarterly earnings, the actual figure was -$0.4 per share, beating the consensus estimate by 11.10%. During the quarter, the company generated $82.53 million in EBITDA. The value of shareholders’ equity is $65.7 million.
Technical Picture
This quick technical analysis looks at Industrial Logistics Properties Trust’s (ILPT) price momentum. With a historical volatility rate of 87.33%, the RSI 9-day stood at 57.23% on 16 August.
With respect to its five-day moving average, the current Industrial Logistics Properties Trust price is up by +6.40% percent or $0.24. At present, ILPT shares trade +3.69% above its 20-day simple moving average and +37.67% percent above its 100-day simple moving average. However, the stock is currently trading approximately +108.97% above its SMA50 and -15.63% below its SMA200.
Stochastic coefficient K was 48.60% and Stochastic coefficient D was 53.43%, while ATR was 0.28. Given the Stochastic reading of 57.69% for the 14-day period, the RSI (14) reading has been calculated as 57.22%. As of today, the MACD Oscillator reading stands at 0.04, while the 14-day reading stands at 0.04.
Analyst Ratings
Industrial Logistics Properties Trust downgraded its rating on Industrial Logistics Properties Trust (NASDAQ: ILPT) to a Mkt perform in a note to investors on May 18, 2022. The analysts firm previously had a Mkt outperform rating on the stock.Industrial Logistics Properties Trust (ILPT) has been rated Hold by analysts. According to 0 brokerage firms, ILPT is a sell, and 3 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Industrial Logistics Properties Trust stock as buy, with 1 recommending it as overweight.
With a median target price of $5.00, the current consensus forecast for the stock is $3.00 – $10.00. Based on these forecasts, analysts predict Industrial Logistics Properties Trust (ILPT) will achieve an average price target of $6.00.
