B. Riley Equities Analysts Reduce Earnings Estimates for Industrial Logistics Properties Trust (NASDAQ:ILPT)

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Investment analysts at B. Riley decreased their Q2 2024 earnings per share estimates for shares of Industrial Logistics Properties Trust in a report released on Monday, May 6th. B. Riley analyst B. Maher now forecasts that the company will post earnings of $0.14 per share for the quarter, down from their previous estimate of $0.15. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.57 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.78 EPS.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ ILPT opened at $3.95 on Wednesday. Industrial Logistics Properties Trust has a 12 month low of $1.64 and a 12 month high of $4.88. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 3.84. The company has a market cap of $260.03 million, a P/E ratio of -2.41 and a beta of 1.76. The business’s 50 day moving average is $3.93 and its two-hundred day moving average is $3.83.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 16th. Investors of record on Monday, April 22nd will be paid a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, April 19th. Industrial Logistics Properties Trust’s payout ratio is currently -2.44%.

Institutional Trading of Industrial Logistics Properties Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. lifted its stake in shares of Industrial Logistics Properties Trust by 10.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,105,821 shares of the company’s stock valued at $6,086,000 after buying an additional 199,879 shares during the period. HTLF Bank acquired a new stake in Industrial Logistics Properties Trust during the fourth quarter worth $5,398,000. CastleKnight Management LP increased its holdings in Industrial Logistics Properties Trust by 36.6% in the 4th quarter. CastleKnight Management LP now owns 844,879 shares of the company’s stock valued at $3,971,000 after buying an additional 226,500 shares during the period. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of Industrial Logistics Properties Trust by 7.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 525,697 shares of the company’s stock valued at $2,470,000 after buying an additional 35,755 shares in the last quarter. Finally, DigitalBridge Group Inc. lifted its holdings in shares of Industrial Logistics Properties Trust by 181.8% during the 3rd quarter. DigitalBridge Group Inc. now owns 329,756 shares of the company’s stock worth $953,000 after acquiring an additional 212,756 shares during the period. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Company Profile

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.