Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Set to Pay Quarterly Dividend of $0.10

Key Points

• Industrial Logistics Properties Trust declared a quarterly dividend of $0.10 per share, payable November 12 to shareholders of record on October 19. The annualized dividend is $0.40 per share, representing a 5.6% yield.
• The dividend is not currently covered by earnings, as ILPT reported a negative payout ratio of -35.1%; however, analysts expect a future payout ratio of 25.6% based on projected earnings.
• ILPT recently reported a quarterly loss of $0.22 per share, missing estimates, while revenue of $114.12 million also fell short of expectations. Shares traded at $7.19, down considerably from their 50-day and 200-day moving averages.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) announced a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be given a dividend of $0.10 per share on Thursday, November 12th. This represents a $0.40 annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Monday, October 19th.

Industrial Logistics Properties Trust has decreased its dividend payment by an average of 0.4%per year over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of -35.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Industrial Logistics Properties Trust to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.6%.

Industrial Logistics Properties Trust Trading Up 0.4%

ILPT traded up $0.03 during trading on Thursday, hitting $7.19. 363,363 shares of the company's stock were exchanged, compared to its average volume of 391,740. Industrial Logistics Properties Trust has a 1 year low of $4.92 and a 1 year high of $9.43. The stock has a 50 day moving average price of $8.07 and a 200 day moving average price of $7.92. The firm has a market cap of $479.93 million, a P/E ratio of -9.99 and a beta of 2.54. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 4.97.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last issued its earnings results on Wednesday, July 29th. The company reported ($0.22) EPS for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.03). Industrial Logistics Properties Trust had a negative net margin of 10.37% and a negative return on equity of 5.34%. The business had revenue of $114.12 million during the quarter, compared to analysts' expectations of $116.10 million. As a group, analysts expect that Industrial Logistics Properties Trust will post 1.37 EPS for the current fiscal year.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust NASDAQ: ILPT is a real estate investment trust that owns and leases industrial and logistics properties in the United States. Its portfolio includes distribution centers, warehouses, service facilities and other properties used for supply-chain, transportation and industrial operations.

The company generally leases properties to business tenants under long-term agreements, with a focus on facilities that support e-commerce, distribution, logistics and related commercial activities.

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