Industrial Logistics Properties Trust (NASDAQ:ILPT - Free Report) - Analysts at B. Riley raised their FY2024 earnings per share (EPS) estimates for Industrial Logistics Properties Trust in a research report issued to clients and investors on Monday, November 4th. B. Riley analyst B. Maher now forecasts 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 objective 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 Trading Up 2.5 %
Shares of NASDAQ:ILPT traded up $0.09 during mid-day trading on Wednesday, hitting $3.73. 700,588 shares of the company traded hands, compared to its average volume of 356,188. The firm's 50 day simple moving average is $4.53 and its 200 day simple moving average is $4.30. 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 52-week low of $2.61 and a 52-week high of $5.45.
Industrial Logistics Properties Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.07%. Industrial Logistics Properties Trust's dividend payout ratio is currently -2.55%.
Hedge Funds Weigh In On Industrial Logistics Properties Trust
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Industrial Logistics Properties Trust during the 1st quarter valued at approximately $59,000. Anson Funds Management LP raised its holdings in shares of Industrial Logistics Properties Trust by 3.9% during the first quarter. Anson Funds Management LP now owns 652,128 shares of the company's stock worth $2,798,000 after purchasing an additional 24,297 shares during the period. Cetera Advisors LLC lifted its position in shares of Industrial Logistics Properties Trust by 68.0% in the 1st 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 last quarter. Bright Futures Wealth Management LLC. acquired a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $83,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at about $741,000. 49.08% of the stock is owned by hedge funds and other institutional investors.
About Industrial Logistics Properties Trust
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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.
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