Industrial Logistics Properties Trust Plans Quarterly Dividend of $0.05 (NASDAQ:ILPT)

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, January 15th. Shareholders of record on Monday, January 26th will be given a dividend of 0.05 per share on Thursday, February 19th. This represents a c) dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend is Monday, January 26th.

Industrial Logistics Properties Trust has decreased its dividend by an average of 0.5%annually over the last three years. Industrial Logistics Properties Trust has a payout ratio of -17.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Industrial Logistics Properties Trust Stock Up 0.5%

NASDAQ ILPT traded up $0.03 during trading on Thursday, reaching $6.03. 213,442 shares of the company’s stock were exchanged, compared to its average volume of 397,435. The company has a 50 day moving average price of $5.59 and a two-hundred day moving average price of $5.64. The stock has a market cap of $401.95 million, a P/E ratio of -4.47 and a beta of 2.48. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $6.57. The company has a debt-to-equity ratio of 4.59, a quick ratio of 3.53 and a current ratio of 3.53.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its earnings results on Tuesday, October 28th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.59). Industrial Logistics Properties Trust had a negative return on equity of 9.20% and a negative net margin of 19.87%.The business had revenue of $110.94 million for the quarter, compared to analysts’ expectations of $111.93 million.

Analysts Set New Price Targets

Several equities analysts have issued reports on ILPT shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Friday, October 31st. Zacks Research upgraded Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 31st. Two analysts have rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, Industrial Logistics Properties Trust has an average rating of “Buy” and an average price target of $5.00.

Industrial Logistics Properties Trust Company Profile

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.