Industrial Logistics Properties Trust (ILPT) to Issue Quarterly Dividend of $0.33 on November 19th

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

ILPT stock opened at $21.94 on Friday. The company has a market cap of $1.43 billion, a price-to-earnings ratio of 28.13, a PEG ratio of 3.15 and a beta of 0.88. The company has a 50 day moving average of $21.98 and a two-hundred day moving average of $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. 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 released its quarterly earnings results on Wednesday, July 29th. The company reported $0.23 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.23). The business had revenue of $65.11 million for the quarter, compared to the consensus estimate of $64.10 million. Industrial Logistics Properties Trust had a net margin of 19.90% and a return on equity of 4.81%. On average, research analysts anticipate that Industrial Logistics Properties Trust will post 1.87 EPS for the current year.

Several brokerages recently commented on ILPT. BidaskClub upgraded shares of Industrial Logistics Properties Trust from a “sell” rating to a “hold” rating in a report on Thursday, September 17th. B. Riley lifted their target price on shares of Industrial Logistics Properties Trust from $27.00 to $29.00 in a research report on Thursday, July 30th. 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 analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average 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.

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

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