Industrial Logistics Properties Trust (NASDAQ:ILPT) Shareholders Set to Receive $0.10 Quarterly Dividend

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, October 8th. Stockholders of record on Monday, October 19th will be given a dividend of $0.10 per share on Thursday, November 12th. This represents a $0.40 annualized dividend and a dividend yield of 5.6%. The ex-dividend date is Monday, October 19th.

Industrial Logistics Properties Trust has decreased its dividend payment by an average of 0.4%annually over the last three years. Industrial Logistics Properties Trust has a payout ratio of -35.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Industrial Logistics Properties Trust to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.6%.

Industrial Logistics Properties Trust Stock Up 0.4%

Industrial Logistics Properties Trust stock traded up $0.03 during midday trading on Thursday, hitting $7.19. The stock had a trading volume of 363,363 shares, compared to its average volume of 391,740. The company has a current ratio of 4.11, a quick ratio of 4.11 and a debt-to-equity ratio of 4.97. The stock has a market cap of $479.93 million, a P/E ratio of -9.99 and a beta of 2.54. Industrial Logistics Properties Trust has a 12 month low of $4.92 and a 12 month high of $9.43. The business has a fifty day moving average price of $8.07 and a 200 day moving average price of $7.92.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its quarterly earnings data on Wednesday, July 29th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). Industrial Logistics Properties Trust had a negative return on equity of 5.34% and a negative net margin of 10.37%.The business had revenue of $114.12 million during the quarter, compared to analyst estimates of $116.10 million. Research analysts predict that Industrial Logistics Properties Trust will post 1.37 EPS for the current year.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust that owns and leases industrial and logistics properties in the United States. Its portfolio includes distribution centers, warehouses, service facilities and other properties used for supply-chain, transportation and industrial operations.

The company generally leases properties to business tenants under long-term agreements, with a focus on facilities that support e-commerce, distribution, logistics and related commercial activities.