Industrial Logistics Properties Trust (NASDAQ:ILPT) Issues Quarterly Earnings Results

Industrial Logistics Properties Trust (NASDAQ:ILPT) released its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24), Fidelity Earnings reports. Industrial Logistics Properties Trust had a return on equity of 6.99% and a net margin of 42.85%. The business had revenue of $60.09 million during the quarter, compared to the consensus estimate of $56.59 million.

Shares of ILPT stock traded up $0.05 on Friday, hitting $21.33. 4,846 shares of the stock traded hands, compared to its average volume of 314,211. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of 13.23 and a beta of 0.94. Industrial Logistics Properties Trust has a 52 week low of $18.03 and a 52 week high of $24.70. The business has a 50 day moving average price of $20.72. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.73.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 29th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.32 annualized dividend and a dividend yield of 6.19%. Industrial Logistics Properties Trust’s payout ratio is 81.99%.

Separately, Zacks Investment Research upgraded shares of Industrial Logistics Properties Trust from a “hold” rating to a “strong-buy” rating and set a $25.00 price target on the stock in a research report on Friday.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties throughout the United States. ILPT is managed by the operating subsidiary of The RMR Group Inc (Nasdaq: RMR), an alternative asset management company that is headquartered in Newton, MA.

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

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