Industrial Logistics Properties Trust (NASDAQ:ILPT) Director Kevin Phelan Acquires 2,000 Shares of Stock

Industrial Logistics Properties Trust (NASDAQ:ILPT) Director Kevin Phelan acquired 2,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were acquired at an average price of $8.87 per share, for a total transaction of $17,740.00. Following the completion of the purchase, the director owned 7,500 shares of the company’s stock, valued at approximately $66,525. This represents a 36.36% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Industrial Logistics Properties Trust Price Performance

NASDAQ ILPT opened at $8.69 on Thursday. The company has a debt-to-equity ratio of 4.74, a quick ratio of 4.24 and a current ratio of 4.24. The firm’s 50 day moving average price is $6.85 and its 200-day moving average price is $6.09. Industrial Logistics Properties Trust has a 52-week low of $3.18 and a 52-week high of $8.89. The company has a market cap of $579.36 million, a PE ratio of -10.60 and a beta of 2.47.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings data on Wednesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, beating 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 firm had revenue of $116.42 million for the quarter, compared to the consensus estimate of $114.82 million. Sell-side analysts forecast that Industrial Logistics Properties Trust will post 1.34 EPS for the current fiscal year.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 14th. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.05 per share. The ex-dividend date 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 dividend payout ratio (DPR) is currently -24.39%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Industrial Logistics Properties Trust by 0.5% during the third quarter. Vanguard Group Inc. now owns 3,244,244 shares of the company’s stock worth $18,914,000 after buying an additional 15,006 shares during the period. Nantahala Capital Management LLC lifted its position in Industrial Logistics Properties Trust by 27.9% during the second quarter. Nantahala Capital Management LLC now owns 3,206,219 shares of the company’s stock valued at $14,588,000 after purchasing an additional 699,975 shares during the period. CastleKnight Management LP lifted its position in 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 purchasing an additional 154,200 shares during the period. Millennium Management LLC lifted its position in Industrial Logistics Properties Trust by 181.2% during the third quarter. Millennium Management LLC now owns 1,308,289 shares of the company’s stock valued at $7,627,000 after purchasing an additional 843,033 shares during the period. Finally, UMB Bank n.a. acquired a new position in Industrial Logistics Properties Trust during the fourth quarter valued at $7,092,000. 49.08% of the stock is currently owned by institutional investors and hedge funds.

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.