Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Down 5.7% – Here’s What Happened

Industrial Logistics Properties Trust (NASDAQ:ILPT)’s stock price fell 5.7% on Friday . The stock traded as low as $5.43 and last traded at $5.44. 625,740 shares changed hands during trading, an increase of 103% from the average session volume of 308,271 shares. The stock had previously closed at $5.77.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ILPT shares. Zacks Research raised shares of Industrial Logistics Properties Trust from a “strong sell” rating to a “hold” rating in a research note on Friday, October 3rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a research note on Friday, October 31st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $5.00.

Industrial Logistics Properties Trust Stock Performance

The stock has a market capitalization of $362.63 million, a P/E ratio of -4.03 and a beta of 2.49. The stock’s 50-day simple moving average is $5.54 and its 200 day simple moving average is $5.43. The company has a debt-to-equity ratio of 4.59, a current ratio of 3.53 and a quick ratio of 3.53.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its earnings results on Tuesday, October 28th. The company reported ($0.33) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.59). The company had revenue of $110.94 million for the quarter, compared to analyst estimates of $111.93 million. Industrial Logistics Properties Trust had a negative return on equity of 9.20% and a negative net margin of 19.87%.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 13th. Shareholders of record on Monday, October 27th were given a dividend of $0.05 per share. The ex-dividend date was Monday, October 27th. This represents a $0.20 annualized dividend and a yield of 3.7%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -14.81%.

Institutional Trading of Industrial Logistics Properties Trust

Several institutional investors have recently added to or reduced their stakes in ILPT. Quarry LP bought a new position in Industrial Logistics Properties Trust during the 3rd quarter worth $28,000. Advisory Services Network LLC acquired a new position in shares of Industrial Logistics Properties Trust in the third quarter valued at about $34,000. PNC Financial Services Group Inc. increased its position in Industrial Logistics Properties Trust by 125.7% during the second quarter. PNC Financial Services Group Inc. now owns 7,881 shares of the company’s stock worth $36,000 after acquiring an additional 4,389 shares during the period. Strs Ohio acquired a new stake in Industrial Logistics Properties Trust in the 1st quarter worth about $42,000. Finally, Ground Swell Capital LLC bought a new stake in Industrial Logistics Properties Trust in the 2nd quarter valued at about $54,000. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.