Industrial Logistics Properties Trust (NASDAQ:ILPT) Plans Quarterly Dividend of $0.10

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, July 9th. Shareholders of record on Monday, July 20th will be paid a dividend of 0.10 per share on Thursday, August 13th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend 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 payment by an average of 0.4%per year over the last three years. Industrial Logistics Properties Trust has a payout ratio of -17.5% indicating that 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 $0.20 annual dividend with an expected future payout ratio of 14.0%.

Industrial Logistics Properties Trust Stock Performance

ILPT stock traded up $0.37 during mid-day trading on Thursday, hitting $8.94. The company had a trading volume of 553,215 shares, compared to its average volume of 413,206. 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 has a market cap of $596.03 million, a PE ratio of -10.90 and a beta of 2.50. Industrial Logistics Properties Trust has a 12 month low of $4.78 and a 12 month high of $9.37. The stock’s fifty day moving average price is $8.47 and its two-hundred day moving average price is $6.77.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share 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 during the quarter, compared to the consensus estimate of $114.82 million. On average, analysts forecast that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ILPT shares. B. Riley Financial reissued a “buy” rating on shares of Industrial Logistics Properties Trust in a report on Thursday, April 23rd. Wall Street Zen upgraded Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research note on Saturday, May 23rd. Weiss Ratings cut Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Finally, Zacks Research upgraded Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.40.

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.