Industrial Logistics Properties Trust (NASDAQ:ILPT) Issues Quarterly Earnings Results

Key Points

• Industrial Logistics Properties Trust reported quarterly earnings of $0.21 per share, matching analyst expectations, but exhibited a negative return on equity of 9.11% and a negative net margin of 21.22%.
• The company announced a quarterly dividend increase to $0.05 per share, up from a previous $0.01, representing a dividend yield of 3.62%.
• Institutional ownership comprises 49.08% of the company’s stock, indicating significant interest from hedge funds and institutions.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) released its quarterly earnings results on Tuesday. The company reported $0.21 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.21, Zacks reports. Industrial Logistics Properties Trust had a negative return on equity of 9.11% and a negative net margin of 21.22%.

Industrial Logistics Properties Trust Stock Up 1.5%

Shares of ILPT traded up $0.08 during mid-day trading on Tuesday, hitting $5.52. 368,527 shares of the company traded hands, compared to its average volume of 395,858. Industrial Logistics Properties Trust has a 1-year low of $2.45 and a 1-year high of $6.07. The company has a quick ratio of 5.16, a current ratio of 5.16 and a debt-to-equity ratio of 4.40. The company has a market capitalization of $365.09 million, a PE ratio of -3.86 and a beta of 2.30. The business has a 50 day moving average of $4.36 and a 200 day moving average of $3.75.

Industrial Logistics Properties Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 14th. Stockholders of record on Monday, July 21st will be issued a dividend of $0.05 per share. The ex-dividend date is Monday, July 21st. This represents a $0.20 annualized dividend and a dividend yield of 3.62%. This is an increase from Industrial Logistics Properties Trust's previous quarterly dividend of $0.01. Industrial Logistics Properties Trust's dividend payout ratio is -13.99%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Joseph Morea acquired 20,000 shares of the firm's stock in a transaction on Friday, May 30th. The shares were bought at an average price of $3.31 per share, for a total transaction of $66,200.00. Following the acquisition, the director owned 112,191 shares of the company's stock, valued at approximately $371,352.21. This trade represents a 21.69% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 1.80% of the company's stock.

Institutional Trading of Industrial Logistics Properties Trust

A hedge fund recently bought a new stake in Industrial Logistics Properties Trust stock. Strs Ohio acquired a new stake in Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 12,200 shares of the company's stock, valued at approximately $42,000. 49.08% of the stock is currently owned by institutional investors and hedge funds.

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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