Industrial Logistics Properties Trust (ILPT) to Distribute Quarterly Dividend of $0.10 on November 12th

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, October 19th will be paid a dividend of $0.10 per share on Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.9%. The ex-dividend date is Monday, October 19th.

Industrial Logistics Properties Trust has decreased its dividend by an average of 0.4% annually over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of -35.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Industrial Logistics Properties Trust to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.6%.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ ILPT traded down $0.07 during trading hours on Friday, hitting $6.82. 450,908 shares of the stock were exchanged, compared to its average volume of 366,194. Industrial Logistics Properties Trust has a one year low of $4.92 and a one year high of $9.43. The company’s 50 day moving average is $7.84 and its 200 day moving average is $7.96. The company has a debt-to-equity ratio of 4.97, a current ratio of 4.11 and a quick ratio of 4.11. The firm has a market capitalization of $455.24 million, a P/E ratio of -9.47 and a beta of 2.54.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Wednesday, July 29th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.19) by ($0.03). The firm had revenue of $114.12 million during the quarter, compared to the consensus estimate of $116.10 million. Industrial Logistics Properties Trust had a negative return on equity of 5.34% and a negative net margin of 10.37%. On average, research analysts expect that Industrial Logistics Properties Trust will post 1.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ILPT shares. Zacks Research raised Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Wall Street Zen lowered Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Loop Capital set a $11.50 price objective on Industrial Logistics Properties Trust in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded Industrial Logistics Properties Trust from a “sell (d-)” rating to a “sell (d)” rating in a research note on Thursday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $11.50.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust that owns and leases industrial and logistics properties in the United States. Its portfolio includes distribution centers, warehouses, service facilities and other properties used for supply-chain, transportation and industrial operations.

The company generally leases properties to business tenants under long-term agreements, with a focus on facilities that support e-commerce, distribution, logistics and related commercial activities.