Equities Analysts Issue Forecasts for ILPT Q4 Earnings

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Investment analysts at B. Riley boosted their Q4 2024 earnings estimates for shares of Industrial Logistics Properties Trust in a report released on Monday, November 4th. B. Riley analyst B. Maher now expects that the company will post earnings of $0.12 per share for the quarter, up from their previous forecast of $0.11. B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.51 per share.

Industrial Logistics Properties Trust Stock Performance

NASDAQ:ILPT opened at $3.64 on Tuesday. The firm has a market capitalization of $240.76 million, a PE ratio of -2.32 and a beta of 1.82. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. The stock’s 50-day simple moving average is $4.53 and its 200 day simple moving average is $4.30. Industrial Logistics Properties Trust has a twelve month low of $2.61 and a twelve month high of $5.45.

Institutional Trading of Industrial Logistics Properties Trust

Hedge funds and other institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Industrial Logistics Properties Trust in the first quarter valued at $59,000. Cetera Advisors LLC increased its position in shares of Industrial Logistics Properties Trust by 68.0% during the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after buying an additional 7,413 shares during the period. Bright Futures Wealth Management LLC. bought a new stake in Industrial Logistics Properties Trust during the first quarter valued at $83,000. Mackenzie Financial Corp bought a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter worth about $85,000. Finally, The Manufacturers Life Insurance Company bought a new stake in Industrial Logistics Properties Trust in the second quarter worth approximately $98,000. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a yield of 1.10%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.55%.

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.