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

Industrial Logistics Properties Trust (NASDAQ:ILPT) is set to issue its quarterly earnings data after the market closes on Tuesday, July 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Industrial Logistics Properties Trust Stock Performance

Shares of Industrial Logistics Properties Trust stock opened at $5.14 on Monday. The firm has a market cap of $338.38 million, a P/E ratio of -3.13 and a beta of 1.79. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84. Industrial Logistics Properties Trust has a 12 month low of $2.21 and a 12 month high of $5.30. The stock’s fifty day moving average price is $3.95 and its 200-day moving average price is $3.97.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be paid a dividend of $0.01 per share. The ex-dividend date is Monday, July 22nd. This represents a $0.04 annualized dividend and a dividend yield of 0.78%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.44%.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, July 3rd.

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.