What is B. Riley’s Estimate for ILPT FY2024 Earnings?

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Equities researchers at B. Riley lifted their FY2024 earnings per share estimates for shares of Industrial Logistics Properties Trust in a note issued to investors on Monday, November 4th. B. Riley analyst B. Maher now expects that the company will post earnings per share of $0.52 for the year, up from their previous forecast of $0.51. B. Riley has a “Buy” rating and a $10.00 price target on the stock. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.51 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.65 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.21 EPS and FY2026 earnings at $0.84 EPS.

Industrial Logistics Properties Trust Price Performance

ILPT opened at $3.72 on Wednesday. The stock’s 50 day simple moving average is $4.48 and its 200 day simple moving average is $4.29. 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 has a 1 year low of $2.61 and a 1 year high of $5.45. The firm has a market cap of $246.04 million, a price-to-earnings ratio of -2.37 and a beta of 1.82.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

A number of large investors have recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its position in shares of Industrial Logistics Properties Trust by 10.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 471,092 shares of the company’s stock worth $2,242,000 after buying an additional 46,214 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of Industrial Logistics Properties Trust by 17.2% in the 3rd quarter. GSA Capital Partners LLP now owns 362,592 shares of the company’s stock worth $1,726,000 after buying an additional 53,283 shares during the last quarter. Macroview Investment Management LLC bought a new stake in shares of Industrial Logistics Properties Trust in the 3rd quarter worth approximately $527,000. SG Americas Securities LLC grew its position in shares of Industrial Logistics Properties Trust by 246.5% in the 3rd quarter. SG Americas Securities LLC now owns 40,921 shares of the company’s stock worth $195,000 after buying an additional 29,110 shares during the last quarter. Finally, Algert Global LLC grew its position in shares of Industrial Logistics Properties Trust by 150.8% in the 2nd quarter. Algert Global LLC now owns 41,327 shares of the company’s stock worth $152,000 after buying an additional 24,847 shares during the last quarter. 49.08% of the stock is currently owned by institutional investors.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be given a $0.01 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.08%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.55%.

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.