Industrial Logistics Properties Trust (NASDAQ:ILPT) Director Kevin C. Phelan Acquires 5,000 Shares

Key Points

• Director Kevin C. Phelan of Industrial Logistics Properties Trust acquired 5,000 shares of the company's stock at an average price of $5.43 per share, raising his total holdings by 47.62%.
• The company plans to pay a quarterly dividend of $0.05 per share on August 14th, indicating an annualized yield of 3.7% and an increase from the previous quarterly dividend.
• Industrial Logistics Properties Trust reported $0.20 EPS for the last quarter, with a revenue of $111.91 million but faced negative metrics, showing a -20.73% net margin.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) Director Kevin C. Phelan bought 5,000 shares of the firm's stock in a transaction dated Thursday, July 31st. The shares were acquired at an average price of $5.43 per share, for a total transaction of $27,150.00. Following the acquisition, the director directly owned 15,500 shares of the company's stock, valued at approximately $84,165. The trade was a 47.62% increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website.

Industrial Logistics Properties Trust Trading Up 0.9%

NASDAQ:ILPT traded up $0.05 on Friday, hitting $5.37. 957,692 shares of the stock were exchanged, compared to its average volume of 402,517. The stock has a market capitalization of $356.25 million, a price-to-earnings ratio of -3.84 and a beta of 2.30. The company has a debt-to-equity ratio of 4.43, a quick ratio of 5.16 and a current ratio of 4.13. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $6.07. The company's 50-day moving average price is $4.49 and its 200 day moving average price is $3.79.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.20 earnings per share (EPS) for the quarter. Industrial Logistics Properties Trust had a negative return on equity of 9.25% and a negative net margin of 20.73%. The business had revenue of $111.91 million for the quarter.

Industrial Logistics Properties Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Investors of record on Monday, July 21st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, July 21st. This is a positive change from Industrial Logistics Properties Trust's previous quarterly dividend of $0.01. Industrial Logistics Properties Trust's payout ratio is -14.29%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. XTX Topco Ltd bought a new position in shares of Industrial Logistics Properties Trust during the fourth quarter worth $89,000. ProShare Advisors LLC lifted its holdings in Industrial Logistics Properties Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 18,388 shares of the company's stock worth $67,000 after acquiring an additional 6,051 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of Industrial Logistics Properties Trust by 27.7% in the fourth quarter. Bank of America Corp DE now owns 80,111 shares of the company's stock worth $292,000 after acquiring an additional 17,391 shares in the last quarter. First Trust Advisors LP acquired a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter worth about $39,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of Industrial Logistics Properties Trust by 27.6% during the 4th quarter. Wells Fargo & Company MN now owns 38,530 shares of the company's stock valued at $141,000 after purchasing an additional 8,329 shares in the last quarter. Institutional investors and hedge funds own 49.08% of the company's stock.

Analyst Upgrades and Downgrades

Separately, B. Riley started coverage on shares of Industrial Logistics Properties Trust in a research note on Friday, May 9th. They set a "buy" rating and a $5.00 price target on the 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.

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