Industrial Logistics Properties Trust (NASDAQ:ILPT) to Issue Quarterly Dividend of $0.10

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, July 9th. Shareholders of record on Monday, July 20th will be paid a dividend of 0.10 per share on Thursday, August 13th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, July 20th. This is a 100.0% increase from Industrial Logistics Properties Trust’s previous quarterly dividend of $0.05.

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 -17.5% 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 $1.43 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 14.0%.

Industrial Logistics Properties Trust Trading Up 4.3%

Shares of NASDAQ:ILPT opened at $8.94 on Friday. The company’s 50-day moving average price is $8.50 and its two-hundred day moving average price is $6.79. The company has a debt-to-equity ratio of 4.74, a current ratio of 4.24 and a quick ratio of 4.24. Industrial Logistics Properties Trust has a one year low of $4.78 and a one year high of $9.37. The stock has a market capitalization of $596.03 million, a PE ratio of -10.90 and a beta of 2.50.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings data on Wednesday, April 29th. The company reported ($0.14) EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The company had revenue of $116.42 million during the quarter, compared to the consensus estimate of $114.82 million. Industrial Logistics Properties Trust had a negative net margin of 11.93% and a negative return on equity of 5.93%. On average, equities analysts forecast that Industrial Logistics Properties Trust will post 1.34 EPS for the current fiscal year.

Institutional Trading of Industrial Logistics Properties Trust

A number of hedge funds have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth approximately $28,000. Advisory Services Network LLC bought a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $34,000. Royal Bank of Canada raised its stake in Industrial Logistics Properties Trust by 387.2% in the 4th quarter. Royal Bank of Canada now owns 6,573 shares of the company’s stock valued at $36,000 after acquiring an additional 5,224 shares during the period. Strs Ohio bought a new stake in Industrial Logistics Properties Trust in the 1st quarter valued at $42,000. Finally, Retirement Planning Co of New England Inc. acquired a new stake in Industrial Logistics Properties Trust during the 4th quarter valued at $56,000. 49.08% of the stock is owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Company Profile

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.