Is Industrial Logistics Properties Trust [ILPT] on the road to rising earnings?

Earnings from Industrial Logistics Properties Trust [ILPT] are scheduled on April 26, 2021, after the market closes. It is expected that the company will report strong earnings for the quarter ending Mar 2021.

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ILPT Stock Earnings Outlook For The Current Quarter

The consensus estimates for the quarter suggest that the company would earn $0.45 per share on revenue of $55.92M. Taking a look at the future, the company is projected to report revenue of $56.38M at an earnings per share of $0.45 for the Jun 2021 quarter. The estimates represent year-over-year improvements of 4.30% in revenue and 3.30% in earnings per share for the company.

ILPT Stock Earnings Forecast For The Current Year

For the full financial year, Industrial Logistics Properties Trust [NASDAQ:ILPT] is forecasted to generate revenue of $227M. The figure is about -$27.57 million below what the company actually reported for the fiscal year 2020. In terms of EPS, it is estimated to be $1.82 in 2021, which is $0.92 higher than the figure in FY20. Based on current estimates, earnings are expected to grow 102.20% this year, 3.30% next year, and 1.80% annually over the next five years. With regard to sales, forecasts suggest a decline of -10.80% in current fiscal year and 4.30% over following year.

ILPT Stock Price Performance

At a last check today, Industrial Logistics Properties Trust [NASDAQ:ILPT] finished down -0.24% at $24.48. The stock’s day high price was $24.86, and its lowest was $24.42. Its price fall -1.01% in the last five days. Since the beginning of the year, Industrial Logistics Properties Trust’s shares are up nearly 5.37%. However, the share price is -6.56% below its one year high. The top price reached by the shares of the company was $26.20 on 04/16/21, while the 52-week low came on 02/01/21, when the shares were $21.01. In the past year, shares of the company have risen 49.63%. At 50 days, the moving average achieved is $23.13 while at 200 days, the moving average is $22.10. There were 83925.0 shares traded in the last session, down from 0.29 million in the previous session.

Industrial Logistics Properties Trust [NASDAQ:ILPT] Stock Valuation Metrics

With a prevailing 12-month PE ratio of 19.48, Industrial Logistics Properties Trust [ILPT] does qualify as a good candidate for the list of underestimated low-priced stocks that should be purchased sooner rather than later. By this measure, the company’s stock is trading at a discount to the industry average of 22.64 times trailing earnings. Investors may find it helpful to look at historical price-sales ratios, and in the case of this stock, 6.43 PS value ratio is reported for the last one year of reported earnings. This is below the average return 8.29 for the industry, which means ILPT offers an attractive investment opportunity than its competitors do.

ILPT Share Price Support And Resistance Levels

Based on the daily chart, the immediate backing lies around the 24.49 level, and the violation of this level will cause a further drop to 24.35 level. At the upper end, 25.23 remains a key resistance. As the stock increases, it may find resistance at 25.05. In the 14-day chart, the Relative Strength Index standing at 57.45 suggests a technical neutral stance while the MACD standing at 0.24 indicates price will decrease in the next trading period. Stochastic %K at 44.01% suggests holding the stock while Percent R indicator at 65.52% suggests low price movement.

How much is the short interest in Industrial Logistics Properties Trust?

There have been a drop in short interest in the Industrial Logistics Properties Trust Financial stock, with short interest up by 7360.0 shares to 0.72 million shares on Feb 25, 2021. According to data provided by Yahoo Finance, the short interest on Mar 30, 2021 stood at 0.73 million shares. This -1.02% decrease suggests some bullish sentiment was experienced by the stock. Shorted shares accounted for just 1.70% of the overall float in the stock, while the stock’s days to cover moved to 2.29.

How do analysts view Industrial Logistics Properties Trust?

In regard to the share price forecast for Industrial Logistics Properties Trust stock, the analysts, as surveyed by FactSet, forecast the price to reach $24.50 in the next twelve months, representing almost an 0.08% growth from its recent price of $24.48. Among Industrial Logistics Properties Trust stock projections, $28.00 is the highest analyst target for the stock, while $20.00 is the lowest. Despite this, 5 analysts who share their consensus rating for ILPT in 2021 agree that the stock is an Overweight. The latest rating change took place on 11/16/20, when B of A Securities Ratings launched coverage of the stock at “Underperform” and assigned a price target of $20.0.


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