Industrial Logistics Properties Trust in real estate gainers, DigitalBridge in losers
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 01 2024
0mins
Source: SeekingAlpha
- Gainers: Industrial Logistics Properties Trust (ILPT) +16%, TPG RE Finance Trust (TRTX) +11%, Redwood Trust (RWT) +11%, Franklin Street Properties (FSP) +5% after positive Q1 results.
- Losers: Gaucho Group Holdings (VINO) -17%, DigitalBridge Group (DBRG) -15%, Landsea Homes (LSEA) -11%, Community Healthcare Trust (CHCT) -6%, reAlpha Tech (AIRE) -6% due to various reasons like revenue miss and results announcement.
- S&P 500 Real Estate Sector: Increased by 0.09% to 226.98.
- Real Estate Stocks: Analysts are positive, earnings surprise to the upside, but also experiencing a downward trajectory as April market pullback intensifies.
- More on Real Estate: Articles discussing quality over quantity in XLRE, stock performance analysis, and Seeking Alpha's Quant Rating on Real Estate Select Sector SPDR ETF.
Analyst Views on ILPT
Wall Street analysts forecast ILPT stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for ILPT is 5.00 USD with a low forecast of 5.00 USD and a high forecast of 5.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 6.030
Low
5.00
Averages
5.00
High
5.00
Current: 6.030
Low
5.00
Averages
5.00
High
5.00
About ILPT
Industrial Logistics Properties Trust is a real estate investment trust. The Company owns and leases industrial and logistics properties throughout the United States. Its portfolio consisted of 411 properties containing approximately 59.9 million rentable square feet located in 39 states, including 226 buildings, leasable land parcels and easements containing over 16,729,000 rentable square feet that were primarily industrial lands located on the island of Oahu, Hawaii and 185 properties containing approximately 43,161,000 rentable square feet that were industrial, and logistics properties located in 38 other states in the mainland United States, which included 94 properties in 27 states totaling approximately 20,978,000 rentable square feet. It operates through the ownership and leasing of properties that include industrial and logistics buildings and leased industrial lands segment. It is managed by The RMR Group, which is a United States alternative asset management company.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
