Industrial Logistics Properties Trust (NASDAQ:ILPT) Coverage Initiated by Analysts at B. Riley

B. Riley initiated coverage on shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in a research report report published on Friday. The brokerage issued a buy rating and a $5.00 price objective on the stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $3.15 on Friday. The company has a fifty day moving average price of $3.12 and a two-hundred day moving average price of $3.52. Industrial Logistics Properties Trust has a one year low of $2.45 and a one year high of $5.45. The stock has a market cap of $208.35 million, a P/E ratio of -2.16 and a beta of 2.14. The company has a debt-to-equity ratio of 4.26, a current ratio of 4.84 and a quick ratio of 4.53.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its quarterly earnings results on Tuesday, April 29th. The company reported $0.20 EPS for the quarter. The business had revenue of $111.91 million during the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.

Industrial Logistics Properties Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 1.27%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.80%.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Large investors have recently modified their holdings of the stock. New Age Alpha Advisors LLC acquired a new position in Industrial Logistics Properties Trust in the 1st quarter valued at about $34,000. Single Point Partners LLC acquired a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at approximately $36,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Industrial Logistics Properties Trust during the fourth quarter worth approximately $560,000. DigitalBridge Group Inc. lifted its holdings in Industrial Logistics Properties Trust by 20.0% during the 4th quarter. DigitalBridge Group Inc. now owns 456,225 shares of the company’s stock worth $1,665,000 after purchasing an additional 76,000 shares during the last quarter. Finally, US Asset Management LLC bought a new stake in Industrial Logistics Properties Trust in the 4th quarter valued at $119,000. 49.08% of the stock is owned by institutional investors.

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.