Industrial Logistics Properties Trust (NASDAQ:ILPT) to Issue $0.05 Quarterly Dividend

Key Points

• ILPT declared a $0.05 quarterly dividend payable May 14 to shareholders of record April 21, implying an annualized yield of about 3.6%.
• Dividend sustainability is questionable — the company has a negative payout ratio (-17.5%) and has modestly cut its dividend over the past three years, while reporting a quarterly EPS loss of ($0.03) versus a $0.28 estimate.
• Market and balance-sheet risks — the stock traded near $5.63 with a market cap around $375M and high leverage (debt-to-equity ~4.66), indicating elevated financial risk.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) declared a quarterly dividend on Thursday, April 9th. Shareholders of record on Tuesday, April 21st will be paid a dividend of 0.05 per share on Thursday, May 14th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date is Tuesday, April 21st.

Industrial Logistics Properties Trust has decreased its dividend by an average of 0.4%per year over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of -17.5% indicating that 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 Up 0.7%

Industrial Logistics Properties Trust stock traded up $0.04 during trading hours on Thursday, hitting $5.63. The stock had a trading volume of 234,652 shares, compared to its average volume of 298,463. The company has a quick ratio of 4.29, a current ratio of 4.29 and a debt-to-equity ratio of 4.66. The stock has a market capitalization of $375.24 million, a P/E ratio of -5.57 and a beta of 2.39. Industrial Logistics Properties Trust has a 12-month low of $2.45 and a 12-month high of $6.68. The stock's 50-day moving average price is $5.79 and its 200-day moving average price is $5.68.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last issued its earnings results on Wednesday, February 18th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.31). The firm had revenue of $113.91 million during the quarter, compared to analysts' expectations of $111.73 million. Industrial Logistics Properties Trust had a negative return on equity of 7.08% and a negative net margin of 14.75%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Register Financial Advisors LLC raised its holdings in shares of Industrial Logistics Properties Trust by 4.2% during the third quarter. Register Financial Advisors LLC now owns 49,509 shares of the company's stock valued at $289,000 after purchasing an additional 2,012 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Industrial Logistics Properties Trust by 3.0% during the fourth quarter. Deutsche Bank AG now owns 85,843 shares of the company's stock valued at $476,000 after purchasing an additional 2,496 shares during the last quarter. Jain Global LLC increased its holdings in Industrial Logistics Properties Trust by 17.3% during the third quarter. Jain Global LLC now owns 16,975 shares of the company's stock valued at $99,000 after buying an additional 2,500 shares during the last quarter. Verition Fund Management LLC increased its holdings in Industrial Logistics Properties Trust by 5.6% during the third quarter. Verition Fund Management LLC now owns 53,861 shares of the company's stock valued at $314,000 after buying an additional 2,845 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. increased its holdings in Industrial Logistics Properties Trust by 17.8% during the third quarter. Resona Asset Management Co. Ltd. now owns 26,262 shares of the company's stock valued at $155,000 after buying an additional 3,964 shares during the last quarter. 49.08% of the stock is owned by hedge funds and other institutional investors.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust NASDAQ: ILPT is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.

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