Industrial Logistics Properties Trust (NASDAQ:ILPT) Announces Earnings Results

Industrial Logistics Properties Trust (NASDAQ:ILPT) released its earnings results on Wednesday. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.32), FiscalAI reports. Industrial Logistics Properties Trust had a negative return on equity of 6.39% and a negative net margin of 12.12%. The firm had revenue of $116.81 million during the quarter, compared to analysts’ expectations of $117.48 million.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT opened at $6.98 on Friday. The company has a market cap of $465.89 million, a PE ratio of -8.21 and a beta of 2.54. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 4.97. The stock has a 50-day moving average price of $7.54 and a 200-day moving average price of $7.35. Industrial Logistics Properties Trust has a 12-month low of $5.01 and a 12-month high of $9.43.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 12th. Shareholders of record on Monday, October 19th will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, October 19th. This represents a $0.40 annualized dividend and a dividend yield of 5.7%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -47.06%.

Wall Street Analyst Weigh In

Several research analysts recently commented on ILPT shares. Loop Capital set a $11.50 price objective on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. Zacks Research cut Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a report on Wednesday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday. Finally, Wall Street Zen downgraded shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $11.50.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on owning and leasing industrial and logistics properties. Its portfolio includes distribution centers, warehouse facilities, and other properties used for transportation, storage, manufacturing, and related business activities.

The company serves tenants across the United States, with properties located in a variety of major logistics markets and industrial regions. Its facilities support supply-chain operations for businesses that require strategically located space near transportation networks and population centers.

Industrial Logistics Properties Trust was established in 2017 and is externally managed by The RMR Group, a property management and real estate services company.