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

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) announced a quarterly dividend on Sunday, July 13th, RTT News reports. Investors of record on Monday, July 21st will be paid a dividend of 0.05 per share on Thursday, August 14th. This represents a $0.20 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date is Monday, July 21st. This is a 400.0% increase from Industrial Logistics Properties Trust's previous quarterly dividend of $0.01.

Industrial Logistics Properties Trust has a payout ratio of -3.5% 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 Performance

NASDAQ:ILPT traded up $0.13 during mid-day trading on Friday, reaching $5.52. The stock had a trading volume of 1,206,993 shares, compared to its average volume of 401,845. The company has a debt-to-equity ratio of 4.40, a quick ratio of 5.16 and a current ratio of 5.16. The firm has a market capitalization of $365.09 million, a price-to-earnings ratio of -3.86 and a beta of 2.30. Industrial Logistics Properties Trust has a twelve month low of $2.45 and a twelve month high of $5.58. The business has a 50 day simple moving average of $3.83 and a 200 day simple moving average of $3.60.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. Industrial Logistics Properties Trust had a negative net margin of 21.22% and a negative return on equity of 9.11%. The firm had revenue of $111.91 million during the quarter.

Insider Activity

In other Industrial Logistics Properties Trust news, Director Joseph Morea acquired 20,000 shares of the company's stock in a transaction dated Friday, May 30th. The stock was acquired at an average cost of $3.31 per share, with a total value of $66,200.00. Following the purchase, the director directly owned 112,191 shares in the company, 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 link. Insiders own 1.80% of the company's stock.

Institutional Inflows and Outflows

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

Analysts Set New Price Targets

Separately, B. Riley began 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 target for the company.

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.