Industrial Logistics Properties Trust (ILPT) to Issue Quarterly Dividend of $0.05 on February 19th

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Monday, January 26th will be paid a dividend of 0.05 per share on Thursday, February 19th. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, January 26th.

Industrial Logistics Properties Trust has decreased its dividend payment by an average of 0.5%per year over the last three years. Industrial Logistics Properties Trust has a payout ratio of -17.5% indicating that 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 Trading Down 1.2%

Industrial Logistics Properties Trust stock opened at $5.96 on Friday. The company has a debt-to-equity ratio of 4.59, a quick ratio of 3.53 and a current ratio of 3.53. The business’s 50-day simple moving average is $5.61 and its 200-day simple moving average is $5.66. The firm has a market capitalization of $397.29 million, a PE ratio of -4.41 and a beta of 2.48. Industrial Logistics Properties Trust has a 52 week low of $2.45 and a 52 week high of $6.57.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Tuesday, October 28th. The company reported ($0.33) earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.59). The business had revenue of $110.94 million for the quarter, compared to the consensus estimate of $111.93 million. Industrial Logistics Properties Trust had a negative net margin of 19.87% and a negative return on equity of 9.20%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Institutional investors have recently bought and sold shares of the business. Millennium Management LLC increased its holdings in Industrial Logistics Properties Trust by 181.2% in the 3rd quarter. Millennium Management LLC now owns 1,308,289 shares of the company’s stock valued at $7,627,000 after buying an additional 843,033 shares during the period. Nantahala Capital Management LLC boosted its position in shares of Industrial Logistics Properties Trust by 27.9% during the 2nd quarter. Nantahala Capital Management LLC now owns 3,206,219 shares of the company’s stock valued at $14,588,000 after acquiring an additional 699,975 shares in the last quarter. Gateway Wealth Partners LLC bought a new stake in Industrial Logistics Properties Trust in the third quarter valued at about $3,224,000. Invesco Ltd. raised its position in Industrial Logistics Properties Trust by 201.2% in the third quarter. Invesco Ltd. now owns 551,302 shares of the company’s stock worth $3,214,000 after purchasing an additional 368,294 shares in the last quarter. Finally, Algert Global LLC raised its position in Industrial Logistics Properties Trust by 530.3% in the third quarter. Algert Global LLC now owns 250,966 shares of the company’s stock worth $1,463,000 after purchasing an additional 211,150 shares in the last quarter. Institutional investors and hedge funds own 49.08% of the company’s stock.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.