Industrial Logistics Properties Trust (NASDAQ:ILPT) Hits New 1-Year High – What’s Next?

Industrial Logistics Properties Trust (NASDAQ:ILPT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $8.30 and last traded at $8.2550, with a volume of 203529 shares changing hands. The stock had previously closed at $8.10.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ILPT shares. B. Riley Financial restated a “buy” rating on shares of Industrial Logistics Properties Trust in a report on Thursday, April 23rd. Zacks Research lowered shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Monday, April 27th. Finally, Loop Capital set a $7.40 price target on Industrial Logistics Properties Trust in a research note on Tuesday, March 3rd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $7.40.

Industrial Logistics Properties Trust Stock Up 2.4%

The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 4.74. The company has a market capitalization of $578.70 million, a P/E ratio of -10.59 and a beta of 2.47. The firm’s 50 day moving average price is $6.65 and its two-hundred day moving average price is $6.00.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced 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. Industrial Logistics Properties Trust had a negative net margin of 11.93% and a negative return on equity of 5.93%. The business had revenue of $116.42 million for the quarter, compared to analyst estimates of $114.82 million. Equities research analysts forecast that Industrial Logistics Properties Trust will post 1.34 EPS for the current year.

Industrial Logistics Properties Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 14th. Investors of record on Tuesday, April 21st were given a $0.05 dividend. The ex-dividend date of this dividend was Tuesday, April 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 2.3%. Industrial Logistics Properties Trust’s payout ratio is currently -24.39%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ILPT. Quarry LP bought a new position in Industrial Logistics Properties Trust during the third quarter worth about $28,000. Advisory Services Network LLC bought a new stake in shares of Industrial Logistics Properties Trust during the third quarter worth approximately $34,000. Royal Bank of Canada grew its position in shares of Industrial Logistics Properties Trust by 387.2% in the fourth quarter. Royal Bank of Canada now owns 6,573 shares of the company’s stock valued at $36,000 after purchasing an additional 5,224 shares during the last quarter. Strs Ohio bought a new position in shares of Industrial Logistics Properties Trust during the first quarter worth approximately $42,000. Finally, Retirement Planning Co of New England Inc. bought a new position in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $56,000. Institutional investors 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.