Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) posted its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, Zacks reports. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%. The company had revenue of $111.91 million for the quarter.
Industrial Logistics Properties Trust Trading Up 11.8 %
Shares of Industrial Logistics Properties Trust stock traded up $0.33 during trading on Friday, hitting $3.09. 411,399 shares of the company were exchanged, compared to its average volume of 455,616. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53. The firm has a market capitalization of $204.05 million, a P/E ratio of -2.11 and a beta of 1.99. The firm's fifty day moving average price is $3.22 and its 200 day moving average price is $3.57. Industrial Logistics Properties Trust has a 1-year low of $2.45 and a 1-year high of $5.45.
Industrial Logistics Properties Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.30%. The ex-dividend date of this dividend is Tuesday, April 22nd. Industrial Logistics Properties Trust's payout ratio is -2.74%.
Industrial Logistics Properties Trust Company Profile
(
Get Free Report)
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.
Recommended Stories
Before you consider Industrial Logistics Properties Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Industrial Logistics Properties Trust wasn't on the list.
While Industrial Logistics Properties Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Like this article? Share it with a colleague.
Link copied to clipboard.
