Industrial Logistics Properties Trust (NASDAQ:ILPT) Shares Gap Down – What’s Next?

Industrial Logistics Properties Trust (NASDAQ:ILPT)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $8.73, but opened at $8.07. Industrial Logistics Properties Trust shares last traded at $8.2940, with a volume of 73,662 shares traded.

Analyst Ratings Changes

ILPT has been the subject of several recent research reports. Zacks Research lowered shares of Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 22nd. Wall Street Zen upgraded Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a report on Saturday, May 23rd. Weiss Ratings downgraded shares of Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a research report on Thursday, May 28th. Loop Capital set a $11.50 target price on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. Finally, B. Riley Financial restated a “buy” rating on shares of Industrial Logistics Properties Trust in a research report on Thursday, April 23rd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Industrial Logistics Properties Trust presently has a consensus rating of “Hold” and a consensus target price of $11.50.

Industrial Logistics Properties Trust Stock Down 3.4%

The stock has a market capitalization of $562.03 million, a P/E ratio of -10.14 and a beta of 2.50. The company has a current ratio of 4.24, a quick ratio of 4.24 and a debt-to-equity ratio of 4.74. The firm’s fifty day moving average is $8.81 and its 200-day moving average is $7.13.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.50. Industrial Logistics Properties Trust had a negative net margin of 11.93% and a negative return on equity of 5.93%. The company had revenue of $114.12 million during the quarter, compared to analyst estimates of $116.10 million. As a group, equities research analysts predict that Industrial Logistics Properties Trust will post 1.34 earnings per share for the current year.

Industrial Logistics Properties Trust Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 13th. Investors of record on Monday, July 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, July 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.7%. This is a positive change from Industrial Logistics Properties Trust’s previous quarterly dividend of $0.05. Industrial Logistics Properties Trust’s payout ratio is -48.78%.

Institutional Trading of Industrial Logistics Properties Trust

Several large investors have recently made changes to their positions in the business. Quarry LP bought a new position in shares of Industrial Logistics Properties Trust in the third quarter valued at about $28,000. Advisory Services Network LLC bought a new stake in Industrial Logistics Properties Trust during the 3rd quarter worth about $34,000. Royal Bank of Canada increased its position in Industrial Logistics Properties Trust by 387.2% in the 4th quarter. Royal Bank of Canada now owns 6,573 shares of the company’s stock valued at $36,000 after acquiring an additional 5,224 shares in the last quarter. Strs Ohio acquired a new stake in Industrial Logistics Properties Trust in the 1st quarter valued at about $42,000. Finally, Retirement Planning Co of New England Inc. bought a new position in shares of Industrial Logistics Properties Trust in the fourth quarter worth about $56,000. Institutional investors own 49.08% of the company’s stock.

About Industrial Logistics Properties Trust

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.