Q2 2024 EPS Estimates for Industrial Logistics Properties Trust Cut by Analyst (NASDAQ:ILPT)

Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) - Stock analysts at B. Riley lowered their Q2 2024 earnings per share estimates for Industrial Logistics Properties Trust in a research note issued to investors on Monday, May 6th. B. Riley analyst B. Maher now expects that the company will earn $0.14 per share for the quarter, down from their prior forecast of $0.15. The consensus estimate for Industrial Logistics Properties Trust's current full-year earnings is $0.57 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust's Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.78 EPS.

Industrial Logistics Properties Trust Stock Performance

Industrial Logistics Properties Trust stock traded down $0.20 during mid-day trading on Wednesday, hitting $3.95. The company had a trading volume of 417,111 shares, compared to its average volume of 384,153. The company has a market capitalization of $260.03 million, a price-to-earnings ratio of -2.53 and a beta of 1.76. Industrial Logistics Properties Trust has a 12-month low of $1.64 and a 12-month high of $4.88. The company's fifty day moving average is $3.92 and its 200-day moving average is $3.83. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. EMC Capital Management raised its stake in shares of Industrial Logistics Properties Trust by 190.3% during the 3rd quarter. EMC Capital Management now owns 11,213 shares of the company's stock worth $32,000 after buying an additional 7,350 shares during the period. Fifth Lane Capital LP purchased a new stake in shares of Industrial Logistics Properties Trust during the first quarter worth about $49,000. Belpointe Asset Management LLC acquired a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth about $58,000. Mesirow Financial Investment Management Inc. acquired a new stake in Industrial Logistics Properties Trust in the 1st quarter worth about $58,000. Finally, SG Americas Securities LLC purchased a new stake in Industrial Logistics Properties Trust during the 1st quarter worth approximately $59,000. Hedge funds and other institutional investors own 49.08% of the company's stock.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Friday, April 19th. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is presently -2.44%.

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.