Merrill Lynch analyst Merrill Lynch maintained a Sell rating on Industrial Logistics Properties (NASDAQ:ILPT) Trust on Monday, setting a price target of $20, which is approximately 9.99% below the present share price of $22.22.
expects Industrial Logistics Properties Trust to post earnings per share (EPS) of $0.22 for the fourth quarter of 2020.
The current consensus among 2 TipRanks analysts is for a Moderate Sell rating of shares in Industrial Logistics Properties, with an average price target of $20.5.
The analysts price targets range from a high of $21 to a low of $20.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $65.11 million and a net profit of $26.89 million. The company's market cap is $1.45 billion.
According to TipRanks.com, Merrill Lynch analyst Merrill Lynch is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 9.1% and a 59.70% success rate.
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.