Industrial Logistics Properties Trust (ILPT) Set to Post Quarterly Earnings on Tuesday

Industrial Logistics Properties Trust (NASDAQ:ILPTGet Free Report) is scheduled to announce its earnings results after the market closes on Tuesday, February 20th. Analysts expect the company to announce earnings of $0.12 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Industrial Logistics Properties Trust Stock Up 5.4 %

Shares of Industrial Logistics Properties Trust stock opened at $4.12 on Tuesday. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.91 and a quick ratio of 3.91. The company has a market capitalization of $271.26 million, a P/E ratio of -2.48 and a beta of 1.73. The business has a 50-day moving average of $4.29 and a two-hundred day moving average of $3.63. Industrial Logistics Properties Trust has a 1 year low of $1.64 and a 1 year high of $4.98.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 22nd will be given a dividend of $0.01 per share. The ex-dividend date is Friday, January 19th. This represents a $0.04 annualized dividend and a dividend yield of 0.97%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.41%.

Institutional Trading of Industrial Logistics Properties Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Industrial Logistics Properties Trust by 3.2% in the third quarter. Vanguard Group Inc. now owns 10,867,771 shares of the company’s stock valued at $59,773,000 after purchasing an additional 335,617 shares during the last quarter. State Street Corp grew its holdings in shares of Industrial Logistics Properties Trust by 1.1% during the second quarter. State Street Corp now owns 4,219,783 shares of the company’s stock worth $59,415,000 after purchasing an additional 46,351 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Industrial Logistics Properties Trust by 21.6% in the second quarter. Charles Schwab Investment Management Inc. now owns 1,905,942 shares of the company’s stock worth $6,290,000 after acquiring an additional 338,408 shares during the period. Balyasny Asset Management L.P. lifted its stake in shares of Industrial Logistics Properties Trust by 32.1% in the first quarter. Balyasny Asset Management L.P. now owns 1,687,723 shares of the company’s stock worth $5,181,000 after acquiring an additional 409,811 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Industrial Logistics Properties Trust by 1.6% in the first quarter. Geode Capital Management LLC now owns 1,441,950 shares of the company’s stock worth $4,427,000 after acquiring an additional 22,439 shares during the period. Institutional investors own 66.98% of the company’s stock.

About Industrial Logistics Properties Trust

(Get Free Report)

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of September 30, 2023, ILPT's portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of September 30, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases.

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Earnings History for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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