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.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. B. Riley dropped their target price 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 Trading Down 0.4 %
NASDAQ:ILPT traded down $0.04 during trading on Monday, reaching $9.60. 7,607 shares of the company's stock traded hands, compared to its average volume of 578,366. 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 company's 50 day simple moving average is $12.16 and its two-hundred day simple moving average is $17.13. Industrial Logistics Properties Trust has a 12-month low of $9.02 and a 12-month high of $28.66.
Industrial Logistics Properties Trust Cuts Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 18th. Stockholders of record on Monday, July 25th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.42%. The ex-dividend date is Friday, July 22nd. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is currently -3.81%.