Industrial Logistics Properties Trust (NASDAQ:ILPT) Releases Quarterly Earnings Results, Misses Expectations By $0.31 EPS

Industrial Logistics Properties Trust (NASDAQ:ILPT) issued its quarterly earnings data on Wednesday. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.31), FiscalAI reports. Industrial Logistics Properties Trust had a negative return on equity of 7.00% and a negative net margin of 14.75%.The business had revenue of $113.91 million for the quarter, compared to analysts’ expectations of $111.73 million.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $5.77 on Friday. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $6.57. The company has a market cap of $384.63 million, a PE ratio of -5.71 and a beta of 2.48. The company has a current ratio of 3.53, a quick ratio of 3.53 and a debt-to-equity ratio of 4.59. The company’s fifty day simple moving average is $5.60 and its 200-day simple moving average is $5.70.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 19th. Stockholders of record on Monday, January 26th were given a $0.05 dividend. The ex-dividend date of this dividend was Monday, January 26th. This represents a $0.20 annualized dividend and a dividend yield of 3.5%. Industrial Logistics Properties Trust’s dividend payout ratio is presently -14.81%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Hedge funds have recently modified their holdings of the stock. Strs Ohio purchased a new position in Industrial Logistics Properties Trust in the 1st quarter worth approximately $42,000. Rhumbline Advisers grew its holdings in Industrial Logistics Properties Trust by 16.3% during the 2nd quarter. Rhumbline Advisers now owns 95,564 shares of the company’s stock valued at $435,000 after purchasing an additional 13,418 shares in the last quarter. XTX Topco Ltd acquired a new position in Industrial Logistics Properties Trust in the 2nd quarter worth $200,000. Marshall Wace LLP grew its stake in shares of Industrial Logistics Properties Trust by 163.9% during the second quarter. Marshall Wace LLP now owns 84,725 shares of the company’s stock valued at $385,000 after acquiring an additional 52,623 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in shares of Industrial Logistics Properties Trust during the second quarter worth about $188,000. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently weighed in on ILPT shares. Zacks Research downgraded shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday, January 29th. Weiss Ratings restated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, January 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Industrial Logistics Properties Trust presently has a consensus rating of “Hold” and a consensus price target of $5.00.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.