B. Riley upgraded shares of Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) to a strong-buy rating in a research note published on Thursday morning,Zacks.com reports.
Industrial Logistics Properties Trust Price Performance
ILPT stock traded down $0.05 during trading on Thursday, reaching $3.20. The company's stock had a trading volume of 13,144 shares, compared to its average volume of 452,186. The company's fifty day moving average is $3.10 and its 200-day moving average is $3.51. Industrial Logistics Properties Trust has a 1 year low of $2.45 and a 1 year high of $5.45. The company has a market capitalization of $211.65 million, a P/E ratio of -2.18 and a beta of 2.14. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26.
Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last issued 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 8.98% and a negative net margin of 21.63%. The firm had revenue of $111.91 million during the quarter.
Industrial Logistics Properties Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date is Tuesday, April 22nd. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is currently -2.80%.
Hedge Funds Weigh In On Industrial Logistics Properties Trust
Several institutional investors have recently bought and sold shares of ILPT. JPMorgan Chase & Co. boosted its holdings in shares of Industrial Logistics Properties Trust by 1.2% in the fourth quarter. JPMorgan Chase & Co. now owns 228,653 shares of the company's stock valued at $835,000 after acquiring an additional 2,715 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Industrial Logistics Properties Trust by 15.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 24,124 shares of the company's stock worth $89,000 after buying an additional 3,199 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its position in Industrial Logistics Properties Trust by 14.7% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 25,558 shares of the company's stock worth $89,000 after acquiring an additional 3,280 shares during the period. Pinebridge Investments L.P. grew its holdings in Industrial Logistics Properties Trust by 4.3% during the fourth quarter. Pinebridge Investments L.P. now owns 116,354 shares of the company's stock worth $425,000 after acquiring an additional 4,813 shares during the period. Finally, EMC Capital Management boosted its stake in shares of Industrial Logistics Properties Trust by 65.2% during the 4th quarter. EMC Capital Management now owns 13,319 shares of the company's stock worth $49,000 after acquiring an additional 5,255 shares in the last quarter. 49.08% of the stock is owned by institutional investors and hedge funds.
About Industrial Logistics Properties Trust
(
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.
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