Industrial Logistics Properties Trust (ILPT) Set to Announce Earnings on Tuesday

Industrial Logistics Properties Trust (NASDAQ:ILPT) is scheduled to post its quarterly earnings results after the market closes on Tuesday, October 29th. Analysts expect Industrial Logistics Properties Trust to post earnings of $0.12 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ:ILPT opened at $4.11 on Tuesday. The business’s fifty day moving average price is $4.77 and its two-hundred day moving average price is $4.31. Industrial Logistics Properties Trust has a fifty-two week low of $2.21 and a fifty-two week high of $5.45. The stock has a market capitalization of $270.57 million, a price-to-earnings ratio of -2.51 and a beta of 1.79. The company has a debt-to-equity ratio of 3.96, a current ratio of 5.09 and a quick ratio of 5.09.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is presently -2.44%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on ILPT shares. JMP Securities reiterated a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd. B. Riley raised their price target on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, August 5th.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.