Industrial Logistics Properties Trust (ILPT) To Go Ex-Dividend on October 23rd

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, October 15th, Zacks reports. Stockholders of record on Monday, October 26th will be paid a dividend of 0.33 per share on Thursday, November 19th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 6.02%. The ex-dividend date of this dividend is Friday, October 23rd.

Shares of ILPT stock opened at $21.94 on Friday. The company’s fifty day simple moving average is $21.98 and its 200-day simple moving average is $19.95. The company has a quick ratio of 6.35, a current ratio of 6.35 and a debt-to-equity ratio of 1.26. The firm has a market cap of $1.43 billion, a PE ratio of 28.13, a P/E/G ratio of 3.15 and a beta of 0.88. Industrial Logistics Properties Trust has a 12 month low of $12.95 and a 12 month high of $24.18.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.23). Industrial Logistics Properties Trust had a return on equity of 4.81% and a net margin of 19.90%. The firm had revenue of $65.11 million for the quarter, compared to the consensus estimate of $64.10 million. On average, equities analysts predict that Industrial Logistics Properties Trust will post 1.87 earnings per share for the current fiscal year.

ILPT has been the topic of several analyst reports. B. Riley upped their price target on shares of Industrial Logistics Properties Trust from $27.00 to $29.00 in a research report on Thursday, July 30th. BidaskClub raised shares of Industrial Logistics Properties Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 17th. Finally, Zacks Investment Research lowered shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research report on Thursday, October 8th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $25.75.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

Featured Story: Mutual Funds

Dividend History for Industrial Logistics Properties Trust (NASDAQ:ILPT)

Receive News & Ratings for Industrial Logistics Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Logistics Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.