Industrial Logistics Properties Trust Forecasted to Earn Q2 2024 Earnings of $0.14 Per Share (NASDAQ:ILPT)

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Equities researchers at B. Riley dropped their Q2 2024 earnings estimates for Industrial Logistics Properties Trust in a note issued to investors on Monday, May 6th. B. Riley analyst B. Maher now anticipates that the company will earn $0.14 per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.57 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.78 EPS.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ:ILPT opened at $4.03 on Wednesday. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84. Industrial Logistics Properties Trust has a 12 month low of $1.64 and a 12 month high of $4.88. The company has a market capitalization of $265.30 million, a price-to-earnings ratio of -2.46 and a beta of 1.76. The firm’s 50-day moving average is $3.93 and its 200 day moving average is $3.83.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Several hedge funds and other institutional investors have recently modified their holdings of the business. Nisa Investment Advisors LLC increased its stake in Industrial Logistics Properties Trust by 21.0% in the third quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock worth $73,000 after purchasing an additional 4,370 shares during the period. Principal Financial Group Inc. raised its holdings in shares of Industrial Logistics Properties Trust by 54.8% in the third quarter. Principal Financial Group Inc. now owns 65,667 shares of the company’s stock valued at $190,000 after acquiring an additional 23,244 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Industrial Logistics Properties Trust by 27.1% in the third quarter. Nomura Asset Management Co. Ltd. now owns 76,400 shares of the company’s stock worth $221,000 after acquiring an additional 16,300 shares during the period. Meixler Investment Management Ltd. bought a new position in Industrial Logistics Properties Trust during the 3rd quarter worth about $79,000. Finally, Jump Financial LLC increased its position in Industrial Logistics Properties Trust by 199.7% during the 3rd quarter. Jump Financial LLC now owns 64,631 shares of the company’s stock valued at $187,000 after purchasing an additional 43,063 shares during the period. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date is Friday, April 19th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.99%. Industrial Logistics Properties Trust’s dividend payout ratio is -2.44%.

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.