Industrial Logistics Properties Trust (NASDAQ:ILPT - Get Free Report) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Monday, January 27th.
Industrial Logistics Properties Trust has decreased its dividend payment by an average of 68.8% per year over the last three years. Industrial Logistics Properties Trust has a payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Industrial Logistics Properties Trust to earn $0.65 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 6.2%.
Industrial Logistics Properties Trust Stock Performance
Shares of Industrial Logistics Properties Trust stock remained flat at $3.58 during trading hours on Friday. The stock had a trading volume of 125,923 shares, compared to its average volume of 269,620. 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 firm has a 50-day simple moving average of $3.62 and a 200-day simple moving average of $4.21. Industrial Logistics Properties Trust has a twelve month low of $3.15 and a twelve month high of $5.45. The firm has a market capitalization of $236.78 million, a PE ratio of -2.28 and a beta of 1.83.
About Industrial Logistics Properties Trust
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Industrial Logistics Properties Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Industrial Logistics Properties Trust wasn't on the list.
While Industrial Logistics Properties Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
