B. Riley Issues Optimistic Estimate for ILPT Earnings

Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) - Analysts at B. Riley upped their Q4 2024 earnings per share estimates for Industrial Logistics Properties Trust in a report released on Monday, November 4th. B. Riley analyst B. Maher now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their prior estimate 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 Trading Up 1.7 %

Shares of ILPT stock traded up $0.06 on Tuesday, hitting $3.64. 877,894 shares of the stock traded hands, compared to its average volume of 490,905. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. Industrial Logistics Properties Trust has a twelve month low of $2.61 and a twelve month high of $5.45. The firm's 50-day moving average price is $4.56 and its two-hundred day moving average price is $4.30. The stock has a market capitalization of $240.76 million, a PE ratio of -2.29 and a beta of 1.82.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.10%. Industrial Logistics Properties Trust's dividend payout ratio (DPR) is -2.55%.

Institutional Trading of Industrial Logistics Properties Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP grew its position in Industrial Logistics Properties Trust by 17.2% in the third quarter. GSA Capital Partners LLP now owns 362,592 shares of the company's stock worth $1,726,000 after acquiring an additional 53,283 shares during the period. Macroview Investment Management LLC purchased a new position in shares of Industrial Logistics Properties Trust during the 3rd quarter worth $527,000. SG Americas Securities LLC grew its holdings in shares of Industrial Logistics Properties Trust by 246.5% during the 3rd quarter. SG Americas Securities LLC now owns 40,921 shares of the company's stock worth $195,000 after purchasing an additional 29,110 shares during the period. Algert Global LLC increased its position in shares of Industrial Logistics Properties Trust by 150.8% during the 2nd quarter. Algert Global LLC now owns 41,327 shares of the company's stock worth $152,000 after purchasing an additional 24,847 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in Industrial Logistics Properties Trust in the 2nd quarter valued at about $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.