Industrial Logistics Properties Trust (NASDAQ:ILPT) to Post Q2 2024 Earnings of $0.14 Per Share, B. Riley Forecasts

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Research analysts at B. Riley decreased their Q2 2024 earnings per share estimates for shares of Industrial Logistics Properties Trust in a report issued on Monday, May 6th. B. Riley analyst B. Maher now forecasts that the company will post earnings per share of $0.14 for the quarter, down from their previous forecast of $0.15. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.57 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q3 2024 earnings at $0.12 EPS, Q4 2024 earnings at $0.11 EPS, FY2024 earnings at $0.52 EPS, Q1 2025 earnings at $0.15 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.16 EPS, FY2025 earnings at $0.63 EPS and FY2026 earnings at $0.78 EPS.

Industrial Logistics Properties Trust Price Performance

ILPT opened at $4.15 on Wednesday. Industrial Logistics Properties Trust has a fifty-two week low of $1.64 and a fifty-two week high of $4.88. The firm has a 50-day moving average of $3.92 and a 200 day moving average of $3.83. The company has a debt-to-equity ratio of 3.84, a quick ratio of 4.77 and a current ratio of 4.77. The firm has a market cap of $273.19 million, a P/E ratio of -2.53 and a beta of 1.76.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Several institutional investors have recently bought and sold shares of the company. Nisa Investment Advisors LLC increased its position in Industrial Logistics Properties Trust by 21.0% in the third quarter. Nisa Investment Advisors LLC now owns 25,226 shares of the company’s stock worth $73,000 after buying an additional 4,370 shares during the last quarter. EMC Capital Management grew its stake in shares of Industrial Logistics Properties Trust by 190.3% during the 3rd quarter. EMC Capital Management now owns 11,213 shares of the company’s stock worth $32,000 after acquiring an additional 7,350 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Industrial Logistics Properties Trust by 28.1% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,652 shares of the company’s stock worth $175,000 after acquiring an additional 8,262 shares during the last quarter. Fifth Lane Capital LP bought a new stake in Industrial Logistics Properties Trust in the 1st quarter valued at about $49,000. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in Industrial Logistics Properties Trust during the first quarter valued at about $58,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, May 16th. Stockholders of record on Monday, April 22nd will be paid a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, April 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.96%. Industrial Logistics Properties Trust’s payout ratio is currently -2.44%.

Industrial Logistics Properties Trust Company Profile

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.