Industrial Logistics Properties Trust Expected to Post Q3 2022 Earnings of $0.26 Per Share (NASDAQ:ILPT)

Industrial Logistics Properties Trust (NASDAQ:ILPTGet Rating) – Investment analysts at B. Riley decreased their Q3 2022 earnings per share (EPS) estimates for shares of Industrial Logistics Properties Trust in a report issued on Thursday, July 28th. B. Riley analyst B. Maher now expects that the company will earn $0.26 per share for the quarter, down from their prior forecast of $0.36. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $1.49 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q4 2022 earnings at $0.25 EPS, Q1 2023 earnings at $0.25 EPS, Q2 2023 earnings at $0.28 EPS, Q3 2023 earnings at $0.28 EPS and Q4 2023 earnings at $0.28 EPS.

Several other brokerages have also recently commented on ILPT. Royal Bank of Canada lowered their price target on Industrial Logistics Properties Trust from $20.00 to $12.00 and set a “maintains” rating for the company in a research note on Monday, July 25th. JMP Securities cut Industrial Logistics Properties Trust from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 18th.

Industrial Logistics Properties Trust Trading Up 0.1 %

Shares of NASDAQ ILPT opened at $10.03 on Friday. The stock has a market cap of $656.00 million, a price-to-earnings ratio of 6.97 and a beta of 1.21. The business has a 50 day simple moving average of $13.23 and a 200 day simple moving average of $18.19. Industrial Logistics Properties Trust has a 52 week low of $9.37 and a 52 week high of $28.66. The company has a debt-to-equity ratio of 2.74, a quick ratio of 7.24 and a current ratio of 7.24.

Industrial Logistics Properties Trust Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 18th. Shareholders of record on Monday, July 25th will be given a dividend of $0.01 per share. The ex-dividend date of this dividend is Friday, July 22nd. This represents a $0.04 dividend on an annualized basis and a yield of 0.40%. Industrial Logistics Properties Trust’s payout ratio is currently 2.78%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

A number of large investors have recently added to or reduced their stakes in the stock. Walker Asset Management LLC bought a new stake in Industrial Logistics Properties Trust during the second quarter worth approximately $1,402,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in Industrial Logistics Properties Trust during the second quarter worth approximately $313,000. Meritage Portfolio Management boosted its position in Industrial Logistics Properties Trust by 35.4% during the second quarter. Meritage Portfolio Management now owns 142,401 shares of the company’s stock worth $2,005,000 after purchasing an additional 37,203 shares during the period. Wedbush Securities Inc. bought a new stake in shares of Industrial Logistics Properties Trust in the second quarter valued at approximately $442,000. Finally, Exchange Traded Concepts LLC boosted its position in shares of Industrial Logistics Properties Trust by 1.2% in the second quarter. Exchange Traded Concepts LLC now owns 263,450 shares of the company’s stock valued at $3,709,000 after acquiring an additional 3,042 shares during the period. Institutional investors own 85.16% of the company’s stock.

About Industrial Logistics Properties Trust

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ILPT 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.

Further Reading

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

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