Joseph Morea Buys 20,000 Shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) Stock

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) Director Joseph Morea purchased 20,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were bought at an average cost of $3.31 per share, for a total transaction of $66,200.00. Following the completion of the acquisition, the director now directly owns 112,191 shares in the company, valued at $371,352.21. The trade was a 21.69% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Industrial Logistics Properties Trust Trading Down 0.5%

Shares of NASDAQ:ILPT traded down $0.02 during trading on Thursday, reaching $3.30. The stock had a trading volume of 10,820 shares, compared to its average volume of 435,362. The firm's fifty day moving average is $3.01 and its 200 day moving average is $3.46. The company has a debt-to-equity ratio of 4.26, a quick ratio of 4.53 and a current ratio of 4.84. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $5.45. The stock has a market cap of $217.94 million, a price-to-earnings ratio of -2.26 and a beta of 2.14.

Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) last released its 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 net margin of 21.63% and a negative return on equity of 8.98%. The company had revenue of $111.91 million for the quarter.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.01 per share. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $0.04 annualized dividend and a yield of 1.21%. Industrial Logistics Properties Trust's payout ratio is -2.80%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. New Age Alpha Advisors LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter valued at about $34,000. Single Point Partners LLC purchased a new stake in Industrial Logistics Properties Trust during the first quarter worth about $36,000. First Trust Advisors LP purchased a new stake in Industrial Logistics Properties Trust during the fourth quarter worth about $39,000. Strs Ohio purchased a new stake in Industrial Logistics Properties Trust during the first quarter worth about $42,000. Finally, Caprock Group LLC purchased a new stake in Industrial Logistics Properties Trust during the fourth quarter worth about $56,000. Institutional investors and hedge funds own 49.08% of the company's stock.

Analyst Ratings Changes

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

About Industrial Logistics Properties Trust

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.