Equities Analysts Set Expectations for ILPT Q4 Earnings

Industrial Logistics Properties Trust (NASDAQ:ILPT) – B. Riley raised their Q4 2024 earnings per share (EPS) estimates for shares of Industrial Logistics Properties Trust in a research note issued on Monday, November 4th. B. Riley analyst B. Maher now anticipates that the company will post earnings of $0.12 per share for the quarter, up from their previous estimate of $0.11. B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.51 per share.

Industrial Logistics Properties Trust Stock Up 2.5 %

Shares of NASDAQ:ILPT opened at $3.73 on Tuesday. The company has a 50 day moving average of $4.50 and a 200-day moving average of $4.30. Industrial Logistics Properties Trust has a one year low of $2.61 and a one year high of $5.45. The stock has a market cap of $246.70 million, a price-to-earnings ratio of -2.38 and a beta of 1.82. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Shareholders of record on Monday, October 28th will be given a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 1.07%. The ex-dividend date of this dividend is Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in ILPT. Bank of New York Mellon Corp bought a new stake in Industrial Logistics Properties Trust in the second quarter valued at about $741,000. The Manufacturers Life Insurance Company acquired a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $98,000. Cetera Advisors LLC increased its stake in shares of Industrial Logistics Properties Trust by 68.0% in the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after acquiring an additional 7,413 shares during the last quarter. Deerfield Management Company L.P. Series C acquired a new stake in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at approximately $542,000. Finally, Renaissance Technologies LLC boosted its stake in Industrial Logistics Properties Trust by 162.9% during the 2nd quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock worth $1,672,000 after acquiring an additional 281,500 shares during the last quarter. Institutional investors and hedge funds own 49.08% of the company’s stock.

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.