Industrial Logistics Properties Trust (NASDAQ:ILPT) Posts Earnings Results, Misses Estimates By $0.32 EPS

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced its quarterly earnings results on Wednesday. The company reported ($0.46) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.32), FiscalAI reports. Industrial Logistics Properties Trust had a negative net margin of 10.37% and a negative return on equity of 5.34%. The company had revenue of $116.81 million during the quarter, compared to analysts’ expectations of $117.48 million.

Industrial Logistics Properties Trust Price Performance

NASDAQ ILPT traded down $0.04 during trading hours on Wednesday, reaching $7.34. The company’s stock had a trading volume of 460,799 shares, compared to its average volume of 396,477. The stock has a market cap of $489.94 million, a PE ratio of -10.19 and a beta of 2.54. Industrial Logistics Properties Trust has a fifty-two week low of $4.92 and a fifty-two week high of $9.43. The company’s 50-day moving average is $7.59 and its two-hundred day moving average is $7.34. The company has a debt-to-equity ratio of 4.97, a quick ratio of 4.11 and a current ratio of 4.11.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.4%. The ex-dividend date of this dividend is Monday, October 19th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -55.56%.

Analyst Upgrades and Downgrades

ILPT has been the topic of a number of research analyst reports. Zacks Research raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, September 29th. Weiss Ratings upgraded shares of Industrial Logistics Properties Trust from a “sell (d-)” rating to a “sell (d)” rating in a research report on Thursday, July 30th. Loop Capital set a $11.50 price target on Industrial Logistics Properties Trust in a research note on Wednesday, July 22nd. Finally, Wall Street Zen lowered Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Industrial Logistics Properties Trust currently has a consensus rating of “Moderate Buy” and an average price target of $11.50.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on owning and leasing industrial and logistics properties. Its portfolio includes distribution centers, warehouse facilities, and other properties used for transportation, storage, manufacturing, and related business activities.

The company serves tenants across the United States, with properties located in a variety of major logistics markets and industrial regions. Its facilities support supply-chain operations for businesses that require strategically located space near transportation networks and population centers.

Industrial Logistics Properties Trust was established in 2017 and is externally managed by The RMR Group, a property management and real estate services company.