Industrial Logistics Properties Trust (ILPT) set to announce its quarterly results on Tuesday
Industrial Logistics Property Trust (NASDAQ:ILPT – Get a rating) will release its earnings data after the market closes on Tuesday, October 25. Analysts expect Industrial Logistics Properties Trust to post earnings of $0.30 per share for the quarter. Parties wishing to register for the company’s conference call may do so using this link.
Industrial logistics property stock up 6.9%
ILPT stock opened at $5.08 on Tuesday. The company has a 50-day moving average of $7.12 and a 200-day moving average of $12.24. The company has a market capitalization of $332.37 million, a price-earnings ratio of -4.84 and a beta of 1.15. The company has a current ratio of 6.74, a quick ratio of 6.74 and a debt ratio of 3.07. Industrial Logistics Properties Trust has a 12-month low of $4.49 and a 12-month high of $28.66.
Industrial Logistics Properties Trust Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, November 17. Shareholders of record on Monday, October 24 will receive a dividend of $0.01. The ex-dividend date is Friday, October 21. This represents a dividend of $0.04 on an annualized basis and a yield of 0.79%. Industrial Logistics Properties Trust’s dividend payout rate is currently -3.81%.
Institutional entries and exits
Several hedge funds and other institutional investors have recently bought and sold shares of the company. State Street Corp raised its position in shares of Industrial Logistics Properties Trust by 10.9% in the first quarter. State Street Corp now owns 4,173,432 shares of the company valued at $94,612,000 after purchasing an additional 410,414 shares during the period. Renaissance Technologies LLC bought a new position in Industrial Logistics Properties Trust in the first quarter, valued at approximately $4,217,000. Goldman Sachs Group Inc. increased its position in Industrial Logistics Properties Trust by 28.7% during the first quarter. Goldman Sachs Group Inc. now owns 770,769 shares of the company worth $17,474,000 after acquiring an additional 171,672 shares in the last quarter. Voya Investment Management LLC increased its stake in Industrial Logistics Properties Trust by 475.8% during the 2nd quarter. Voya Investment Management LLC now owns 150,443 shares of the company worth $2,118,000 after purchasing an additional 124,314 shares during the period. Finally, Vanguard Group Inc. increased its stake in Industrial Logistics Properties Trust by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 10,527,722 shares of the company worth $238,664,000 after purchasing an additional 105,771 shares during the period. Institutional investors hold 85.51% of the company’s shares.
Analysts set new price targets
Separately, B. Riley cut his price target on Industrial Logistics Properties Trust shares from $21.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, September 30. .
About Industrial Logistics Properties Trust
ILPT is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties across the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management firm headquartered in Newton, MA.
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