Industrial Logistics Properties Trust (ILPT) To Go Ex-Dividend on July 20th

Industrial Logistics Properties Trust (NASDAQ:ILPT) declared a quarterly dividend on Thursday, July 9th. Investors of record on Monday, July 20th will be paid a dividend of 0.10 per share on Thursday, August 13th. This represents a c) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date 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%per year 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. 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 $0.40 annual dividend with an expected future payout ratio of 28.0%.

Industrial Logistics Properties Trust Price Performance

Shares of Industrial Logistics Properties Trust stock opened at $8.86 on Friday. The business’s fifty day moving average price is $8.64 and its 200 day moving average price is $6.93. Industrial Logistics Properties Trust has a twelve month low of $4.92 and a twelve month high of $9.37. 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 stock has a market capitalization of $590.70 million, a P/E ratio of -10.80 and a beta of 2.50.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.06. The company had revenue of $116.42 million during the quarter, compared to analyst estimates of $114.82 million. Industrial Logistics Properties Trust had a negative return on equity of 5.93% and a negative net margin of 11.93%. As a group, research analysts anticipate that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL purchased a new stake in Industrial Logistics Properties Trust during the 3rd quarter worth $922,000. GSA Capital Partners LLP boosted its position in Industrial Logistics Properties Trust by 70.9% in the 4th quarter. GSA Capital Partners LLP now owns 175,973 shares of the company’s stock valued at $975,000 after buying an additional 73,033 shares during the last quarter. CastleKnight Management LP grew its stake in shares of Industrial Logistics Properties Trust by 8.8% during the fourth quarter. CastleKnight Management LP now owns 1,911,859 shares of the company’s stock valued at $10,592,000 after acquiring an additional 154,200 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter valued at about $351,000. Finally, Inspire Investing LLC increased its position in shares of Industrial Logistics Properties Trust by 16.3% during the first quarter. Inspire Investing LLC now owns 265,173 shares of the company’s stock worth $1,506,000 after acquiring an additional 37,176 shares during the last quarter. 49.08% of the stock is currently owned by hedge funds and other institutional investors.

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.