Industrial Logistics Properties Trust (NASDAQ:ILPT) Declares $0.33 Quarterly Dividend

Industrial Logistics Properties Trust (NASDAQ:ILPT) declared a quarterly dividend on Thursday, July 15th, Zacks reports. Shareholders of record on Monday, July 26th will be given a dividend of 0.33 per share on Thursday, August 19th. This represents a $1.32 annualized dividend and a dividend yield of 4.82%. The ex-dividend date of this dividend is Friday, July 23rd.

Shares of NASDAQ:ILPT opened at $27.39 on Thursday. The firm’s fifty day moving average price is $25.95. The company has a debt-to-equity ratio of 0.86, a quick ratio of 6.56 and a current ratio of 6.56. Industrial Logistics Properties Trust has a 12-month low of $18.76 and a 12-month high of $27.71. The firm has a market cap of $1.79 billion, a P/E ratio of 14.71, a P/E/G ratio of 6.44 and a beta of 1.00.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Sunday, April 25th. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.15). Industrial Logistics Properties Trust had a net margin of 36.22% and a return on equity of 8.50%. Analysts expect that Industrial Logistics Properties Trust will post 1.88 EPS for the current year.

A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research report on Wednesday. BTIG Research assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Monday, April 26th. They issued a “neutral” rating for the company. Royal Bank of Canada upped their price objective on shares of Industrial Logistics Properties Trust from $22.00 to $26.00 and gave the stock a “sector perform” rating in a research note on Tuesday, June 22nd. They noted that the move was a valuation call. Finally, B. Riley upped their price objective on shares of Industrial Logistics Properties Trust from $29.00 to $32.00 and gave the stock a “buy” rating in a research note on Tuesday, June 15th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Industrial Logistics Properties Trust has an average rating of “Hold” and a consensus target price of $27.00.

About Industrial Logistics Properties Trust

ILPT 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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