Industrial Logistics Properties Trust (NASDAQ:ILPT) Posts Earnings Results, Misses Expectations By $0.32 EPS

Industrial Logistics Properties Trust (NASDAQ:ILPT) issued its earnings results on Wednesday. The company reported ($0.46) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.32), FiscalAI reports. 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 $116.81 million during the quarter, compared to the consensus estimate of $117.48 million.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ ILPT opened at $7.34 on Thursday. The company’s fifty day moving average price is $7.57 and its 200 day moving average price is $7.35. The company has a debt-to-equity ratio of 4.97, a quick ratio of 4.11 and a current ratio of 4.11. Industrial Logistics Properties Trust has a 1 year low of $4.92 and a 1 year high of $9.43. The company has a market capitalization of $489.94 million, a PE ratio of -10.19 and a beta of 2.54.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 12th. Investors of record on Monday, October 19th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 5.4%. The ex-dividend date is Monday, October 19th. Industrial Logistics Properties Trust’s payout ratio is currently -55.56%.

Analysts Set New Price Targets

Several research analysts have issued reports on ILPT shares. Weiss Ratings reiterated a “sell (d)” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday. Zacks Research raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, September 29th. Loop Capital set a $11.50 price objective on Industrial Logistics Properties Trust in a report on Wednesday, July 22nd. Finally, Wall Street Zen lowered Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $11.50.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on owning and leasing industrial and logistics properties. Its portfolio includes distribution centers, warehouse facilities, and other properties used for transportation, storage, manufacturing, and related business activities.

The company serves tenants across the United States, with properties located in a variety of major logistics markets and industrial regions. Its facilities support supply-chain operations for businesses that require strategically located space near transportation networks and population centers.

Industrial Logistics Properties Trust was established in 2017 and is externally managed by The RMR Group, a property management and real estate services company.