Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) declared a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Monday, April 22nd will be given a dividend of 0.01 per share on Thursday, May 16th. This represents a $0.04 annualized dividend and a dividend yield of 1.02%. The ex-dividend date of this dividend is Friday, April 19th.
Industrial Logistics Properties Trust has decreased its dividend payment by an average of 68.8% annually over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of 10.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Industrial Logistics Properties Trust to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 5.1%.
Industrial Logistics Properties Trust Trading Down 2.7 %
Industrial Logistics Properties Trust stock traded down $0.11 during mid-day trading on Friday, hitting $3.93. The company's stock had a trading volume of 267,483 shares, compared to its average volume of 364,380. The business has a 50 day moving average price of $3.96 and a 200-day moving average price of $3.67. Industrial Logistics Properties Trust has a 12 month low of $1.64 and a 12 month high of $4.88. The stock has a market cap of $258.75 million, a price-to-earnings ratio of -2.37 and a beta of 1.73. The company has a debt-to-equity ratio of 3.71, a current ratio of 5.04 and a quick ratio of 5.04.
Institutional Investors Weigh In On Industrial Logistics Properties Trust
Several institutional investors have recently bought and sold shares of the stock. Tower Research Capital LLC TRC boosted its stake in shares of Industrial Logistics Properties Trust by 88.7% during the third quarter. Tower Research Capital LLC TRC now owns 4,956 shares of the company's stock valued at $27,000 after purchasing an additional 2,329 shares during the period. Private Advisor Group LLC bought a new stake in Industrial Logistics Properties Trust during the 1st quarter valued at $33,000. PNC Financial Services Group Inc. boosted its position in Industrial Logistics Properties Trust by 47.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,108 shares of the company's stock valued at $33,000 after buying an additional 3,231 shares during the period. EWA LLC bought a new stake in Industrial Logistics Properties Trust in the 1st quarter worth $36,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $36,000. 49.08% of the stock is currently owned by hedge funds and other institutional investors.
About Industrial Logistics Properties Trust
(
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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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