ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc. (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.
Analyst Ratings Changes
ILPT has been the topic of several analyst reports. B. Riley cut their price target on Industrial Logistics Properties Trust from $28.00 to $21.00 in a research report on Thursday, July 28th. JMP Securities downgraded Industrial Logistics Properties Trust from an "outperform" rating to a "market perform" rating in a research report on Wednesday, May 18th.
Industrial Logistics Properties Trust Price Performance
Industrial Logistics Properties Trust stock traded up $0.10 during midday trading on Monday, reaching $9.45. The company had a trading volume of 12,259 shares, compared to its average volume of 577,872. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt-to-equity ratio of 3.07. The firm's fifty day simple moving average is $12.72 and its 200-day simple moving average is $17.59. Industrial Logistics Properties Trust has a 12-month low of $9.11 and a 12-month high of $28.66.
Industrial Logistics Properties Trust Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Investors of record on Monday, July 25th will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, July 22nd. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.42%. Industrial Logistics Properties Trust's payout ratio is currently -3.81%.