Industrial Logistics Properties Trust (NASDAQ:ILPT) Declares Quarterly Dividend of $0.10

Industrial Logistics Properties Trust (NASDAQ:ILPT) declared a quarterly dividend on Thursday, October 8th. Shareholders of record on Monday, October 19th will be paid a dividend of $0.10 per share on Thursday, November 12th. This represents a $0.40 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend is Monday, October 19th.

Industrial Logistics Properties Trust has decreased its dividend payment by an average of 0.4%per year over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of -35.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Industrial Logistics Properties Trust to earn $1.56 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 25.6%.

Industrial Logistics Properties Trust Price Performance

ILPT opened at $7.19 on Friday. The company’s 50-day simple moving average is $8.05 and its two-hundred day simple moving average is $7.93. The company has a debt-to-equity ratio of 4.97, a quick ratio of 4.11 and a current ratio of 4.11. The stock has a market capitalization of $479.90 million, a P/E ratio of -9.99 and a beta of 2.54. Industrial Logistics Properties Trust has a 52-week low of $4.92 and a 52-week high of $9.43.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its quarterly earnings results on Wednesday, July 29th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.03). Industrial Logistics Properties Trust had a negative return on equity of 5.34% and a negative net margin of 10.37%.The company had revenue of $114.12 million during the quarter, compared to the consensus estimate of $116.10 million. As a group, analysts predict that Industrial Logistics Properties Trust will post 1.37 EPS for the current year.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust that owns and leases industrial and logistics properties in the United States. Its portfolio includes distribution centers, warehouses, service facilities and other properties used for supply-chain, transportation and industrial operations.

The company generally leases properties to business tenants under long-term agreements, with a focus on facilities that support e-commerce, distribution, logistics and related commercial activities.