What is B. Riley’s Forecast for ILPT FY2024 Earnings?

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Research analysts at B. Riley increased their FY2024 earnings per share estimates for Industrial Logistics Properties Trust in a report issued on Monday, November 4th. B. Riley analyst B. Maher now anticipates that the company will post earnings per share of $0.52 for the year, up from their previous forecast of $0.51. B. Riley has a “Buy” rating and a $10.00 price target on the stock. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.51 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.65 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.21 EPS and FY2026 earnings at $0.84 EPS.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ ILPT opened at $3.73 on Wednesday. Industrial Logistics Properties Trust has a twelve month low of $2.61 and a twelve month high of $5.45. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. The firm has a 50-day moving average of $4.50 and a two-hundred day moving average of $4.30. The company has a market capitalization of $246.70 million, a price-to-earnings ratio of -2.38 and a beta of 1.82.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.55%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ILPT. GSA Capital Partners LLP lifted its position in shares of Industrial Logistics Properties Trust by 17.2% during the 3rd quarter. GSA Capital Partners LLP now owns 362,592 shares of the company’s stock valued at $1,726,000 after acquiring an additional 53,283 shares during the last quarter. Macroview Investment Management LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the third quarter worth $527,000. SG Americas Securities LLC lifted its holdings in shares of Industrial Logistics Properties Trust by 246.5% during the third quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock valued at $195,000 after purchasing an additional 29,110 shares during the last quarter. Algert Global LLC boosted its position in shares of Industrial Logistics Properties Trust by 150.8% in the 2nd quarter. Algert Global LLC now owns 41,327 shares of the company’s stock valued at $152,000 after purchasing an additional 24,847 shares during the period. Finally, Mackenzie Financial Corp acquired a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at $85,000. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Company Profile

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.