Industrial Logistics Properties Trust (NASDAQ:ILPT) Declares Quarterly Dividend of $0.01

Industrial Logistics Properties Trust (NASDAQ:ILPT) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Shareholders of record on Monday, April 22nd will be given a dividend of 0.01 per share on Thursday, May 16th. This represents a $0.04 annualized dividend and a yield of 1.09%. The ex-dividend date is Friday, April 19th.

Industrial Logistics Properties Trust has decreased its dividend by an average of 68.8% per year over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Industrial Logistics Properties Trust to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 5.1%.

Industrial Logistics Properties Trust Price Performance

Shares of ILPT stock opened at $3.66 on Thursday. The company has a debt-to-equity ratio of 3.71, a current ratio of 5.04 and a quick ratio of 5.04. Industrial Logistics Properties Trust has a 12-month low of $1.64 and a 12-month high of $4.88. The stock has a 50 day simple moving average of $3.95 and a 200-day simple moving average of $3.69.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its holdings in shares of Industrial Logistics Properties Trust by 88.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,956 shares of the company’s stock valued at $27,000 after purchasing an additional 2,329 shares in the last quarter. Private Advisor Group LLC acquired a new position in Industrial Logistics Properties Trust during the first quarter worth about $33,000. PNC Financial Services Group Inc. increased its holdings in Industrial Logistics Properties Trust by 47.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 10,108 shares of the company’s stock valued at $33,000 after buying an additional 3,231 shares in the last quarter. EWA LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter valued at approximately $36,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.