Industrial Logistics Properties Trust (ILPT) To Go Ex-Dividend on October 27th

Industrial Logistics Properties Trust (NASDAQ:ILPT) declared a quarterly dividend on Thursday, October 9th, RTT News reports. Stockholders of record on Monday, October 27th will be paid a dividend of 0.05 per share on Thursday, November 13th. This represents a c) dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Monday, October 27th.

Industrial Logistics Properties Trust has a payout ratio of -3.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT opened at $6.03 on Friday. The company has a current ratio of 4.13, a quick ratio of 4.13 and a debt-to-equity ratio of 4.43. The firm has a market cap of $400.01 million, a PE ratio of -4.31 and a beta of 2.43. The company’s 50 day simple moving average is $5.91 and its 200-day simple moving average is $4.70. Industrial Logistics Properties Trust has a 12-month low of $2.45 and a 12-month high of $6.57.

Insider Buying and Selling at Industrial Logistics Properties Trust

In related news, Director Kevin C. Phelan purchased 5,000 shares of the stock in a transaction dated Thursday, July 31st. The shares were acquired at an average cost of $5.43 per share, with a total value of $27,150.00. Following the purchase, the director directly owned 15,500 shares in the company, valued at $84,165. This trade represents a 47.62% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. grew its holdings in shares of Industrial Logistics Properties Trust by 125.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 7,881 shares of the company’s stock worth $36,000 after purchasing an additional 4,389 shares during the period. New Age Alpha Advisors LLC acquired a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at approximately $34,000. Ground Swell Capital LLC acquired a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at approximately $54,000. Strs Ohio acquired a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter valued at approximately $42,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in Industrial Logistics Properties Trust in the second quarter worth $60,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Company Profile

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.