Industrial Logistics Properties Trust (ILPT) Set to Announce Earnings on Tuesday

Industrial Logistics Properties Trust (NASDAQ:ILPT) is scheduled to be announcing its earnings results after the market closes on Tuesday, October 29th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ ILPT opened at $4.11 on Tuesday. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 3.96. Industrial Logistics Properties Trust has a 12 month low of $2.21 and a 12 month high of $5.45. The stock has a 50 day moving average of $4.77 and a 200-day moving average of $4.31. The company has a market capitalization of $270.57 million, a P/E ratio of -2.51 and a beta of 1.79.

Industrial Logistics Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 14th. Investors of record on Monday, October 28th will be issued a dividend of $0.01 per share. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 annualized dividend and a yield of 0.97%. Industrial Logistics Properties Trust’s payout ratio is currently -2.44%.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. JMP Securities reissued a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd. B. Riley lifted their price target on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, August 5th.

About Industrial Logistics Properties Trust

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.