Industrial Logistics Properties Trust (NASDAQ:ILPT) Director Purchases $17,740.00 in Stock

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

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock traded down $0.03 during midday trading on Wednesday, hitting $8.69. The company’s stock had a trading volume of 455,606 shares, compared to its average volume of 335,157. The company has a quick ratio of 4.24, a current ratio of 4.24 and a debt-to-equity ratio of 4.74. The stock’s 50-day moving average price is $6.80 and its 200-day moving average price is $6.07. Industrial Logistics Properties Trust has a 12 month low of $3.18 and a 12 month high of $8.89. The company has a market capitalization of $579.32 million, a PE ratio of -10.60 and a beta of 2.47.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued 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 firm had revenue of $116.42 million for the quarter, compared to analysts’ expectations 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%. Analysts anticipate that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current fiscal year.

Industrial Logistics Properties Trust Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. 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 reaffirmed a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research note on Monday, April 27th. Loop Capital set a $7.40 price objective on shares of Industrial Logistics Properties Trust in a research note on Tuesday, March 3rd. B. Riley Financial reaffirmed a “buy” rating on shares of Industrial Logistics Properties Trust in a research note on Thursday, April 23rd. Finally, Wall Street Zen raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.40.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Large investors have recently made changes to their positions in the business. Quarry LP acquired a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter valued at about $28,000. Advisory Services Network LLC acquired a new position in shares of Industrial Logistics Properties Trust in the 3rd quarter valued at about $34,000. Royal Bank of Canada increased its holdings in shares of 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 purchasing an additional 5,224 shares during the period. SteelPeak Wealth LLC acquired a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $57,000. Finally, Retirement Planning Co of New England Inc. acquired a new position in shares of Industrial Logistics Properties Trust in the 4th quarter valued at about $56,000. Institutional investors and hedge funds 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.