RBC Capital analyst Michael Carroll maintained a Hold rating on Industrial Logistics Properties (ILPT – Research Report) on December 21 and set a price target of $6.00. The company’s shares closed yesterday at $3.28.
According to TipRanks, Carroll is a 5-star analyst with an average return of 7.6% and a 60.00% success rate. Carroll covers the Financial sector, focusing on stocks such as Alexandria Equities, Welltower, and Prologis.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Industrial Logistics Properties with a $11.00 average price target.
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ILPT market cap is currently $214.4M and has a P/E ratio of -1.61.
Based on the recent corporate insider activity of 16 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ILPT in relation to earlier this year.
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Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics buildings and leased industrial lands. The company was founded on September 15, 2017 and is headquartered in Newton, MA.
