Industrial Logistics Properties Trust (NASDAQ: ILPT) stock fell -1.33% on Friday to $3.70 against a previous-day closing price of $3.75. With 1.22 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.31 million shares. During the session, the REIT – Industrial company that operates in wider Real Estate sector, reached to the highest price of $3.7800 whereas the lowest price it dropped to was $3.6800. The 52-week range on ILPT shows that it touched its highest point at $7.77 and its lowest point at $1.64 during that stretch. It currently has a 1-year price target of $6.00. With its current market cap of 246.38 million, ILPT has annualized dividend of $0.04 while the current yield stands at 1.08%. Beta for the stock currently stands at 1.37.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ILPT was up-trending over the past week, with a rise of 0.82%, but this was down by -3.65% over a month. Three-month performance surged to 42.31% while six-month performance rose 15.26%. The stock lost -45.83% in the past year, while it has gained 13.15% so far this year. A look at the trailing 12-month EPS for ILPT yields -1.95 with Next year EPS estimates of -1.44. For the next quarter, that number is -0.40. This implies an EPS growth rate of -289.90% for this year and 8.30% for next year. EPS is expected to grow by 0.60% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -37.00%.
Float and Shares Shorts:
At present, 65.37 million ILPT shares are outstanding with a float of 58.09 million shares on hand for trading. On Aug 30, 2023, short shares totaled 1.33 million, which was 2.02% higher than short shares on Jul 30, 2023. In addition to Ms. Yael Duffy as the firm’s Pres & COO, Mr. Brian E. Donley serves as its CFO & Treasurer.
Institutional Ownership:
Through their ownership of 79.15% of ILPT’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 70.38% of ILPT, in contrast to 41.59% held by mutual funds. Shares owned by individuals account for 21.15%. As the largest shareholder in ILPT with 9.27% of the stake, The Vanguard Group, Inc. holds 6,088,757 shares worth 6,088,757. A second-largest stockholder of ILPT, Stone House Capital Management LL, holds 3,500,000 shares, controlling over 5.33% of the firm’s shares. Millennium Management LLC is the third largest shareholder in ILPT, holding 2,607,544 shares or 3.97% stake. With a 3.75% stake in ILPT, the Vanguard Real Estate Index Fund is the largest stakeholder. A total of 2,463,055 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.25% of ILPT stock, is the second-largest Mutual Fund holder. It holds 2,135,037 shares valued at 8.39 million. Schwab Fundamental US Small Compa holds 1.60% of the stake in ILPT, owning 1,053,355 shares worth 4.14 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2023, ILPT reported revenue of $107.22M and operating income of $34.49M. The EBITDA in the recently reported quarter was $77.54M and diluted EPS was -$2.20.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ILPT since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ILPT analysts setting a high price target of $10.00 and a low target of $3.00, the average target price over the next 12 months is $6.00. Based on these targets, ILPT could surge 170.27% to reach the target high and fall by -18.92% to reach the target low. Reaching the average price target will result in a growth of 62.16% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.
Summary of Insider Activity:
Insiders traded ILPT stock several times over the past three months with 3 Buys and 0 Sells. In these transactions, 75,000 shares were bought while 0 shares were sold. The number of buy transactions has increased to 12 while that of sell transactions has risen to 7 over the past year. The total number of shares bought during that period was 223,000 while 44,153 shares were sold.
