Industrial Logistics Properties Trust (NASDAQ:ILPT) Hits New 1-Year High – What’s Next?

Industrial Logistics Properties Trust (NASDAQ:ILPT)’s share price reached a new 52-week high on Friday . The stock traded as high as $9.37 and last traded at $9.31, with a volume of 31536 shares changing hands. The stock had previously closed at $9.19.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ILPT shares. Weiss Ratings lowered shares of Industrial Logistics Properties Trust from a “sell (d)” rating to a “sell (d-)” rating in a research note on Thursday, May 28th. B. Riley Financial restated a “buy” rating on shares of Industrial Logistics Properties Trust in a research note on Thursday, April 23rd. Zacks Research downgraded Industrial Logistics Properties Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Loop Capital set a $11.50 price target on shares of Industrial Logistics Properties Trust in a research note on Wednesday. Finally, Wall Street Zen raised shares of Industrial Logistics Properties Trust from a “hold” rating to a “buy” rating in a research report on Saturday, May 23rd. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $11.50.

Industrial Logistics Properties Trust Trading Up 0.1%

The company has a debt-to-equity ratio of 4.74, a quick ratio of 4.24 and a current ratio of 4.24. The firm has a fifty day moving average price of $8.77 and a 200 day moving average price of $7.05. The company has a market cap of $613.36 million, a price-to-earnings ratio of -11.22 and a beta of 2.50.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Wednesday, April 29th. The company reported ($0.14) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.06. The business had revenue of $116.42 million for the quarter, compared to the consensus estimate of $114.82 million. Industrial Logistics Properties Trust had a negative net margin of 11.93% and a negative return on equity of 5.93%. As a group, equities analysts predict that Industrial Logistics Properties Trust will post 1.34 EPS for the current fiscal year.

Industrial Logistics Properties Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 13th. Stockholders of record on Monday, July 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, July 20th. This represents a $0.40 annualized dividend and a dividend yield of 4.3%. This is a boost from Industrial Logistics Properties Trust’s previous quarterly dividend of $0.05. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -48.78%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Several hedge funds have recently bought and sold shares of ILPT. Tudor Investment Corp ET AL bought a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $922,000. GSA Capital Partners LLP lifted its holdings in Industrial Logistics Properties Trust by 70.9% during the 4th quarter. GSA Capital Partners LLP now owns 175,973 shares of the company’s stock valued at $975,000 after purchasing an additional 73,033 shares during the last quarter. CastleKnight Management LP boosted its position in Industrial Logistics Properties Trust by 8.8% during the fourth quarter. CastleKnight Management LP now owns 1,911,859 shares of the company’s stock worth $10,592,000 after purchasing an additional 154,200 shares during the period. Hillsdale Investment Management Inc. bought a new position in Industrial Logistics Properties Trust during the fourth quarter worth $351,000. Finally, Inspire Investing LLC increased its holdings in shares of Industrial Logistics Properties Trust by 16.3% in the first quarter. Inspire Investing LLC now owns 265,173 shares of the company’s stock valued at $1,506,000 after purchasing an additional 37,176 shares during the last quarter. 49.08% of the stock is currently owned by institutional investors and hedge funds.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (NASDAQ: ILPT) is a real estate investment trust focused on acquiring, owning and operating industrial logistics properties across the United States. The company specializes in modern distribution centers, cross-dock facilities and last-mile delivery hubs designed to support e-commerce, retail, manufacturing and third-party logistics customers. ILPT’s assets are characterized by high ceilings, ample loading docks and clear spans to accommodate a wide range of warehouse functions.

Formed as a spin-off from STAG Industrial, Inc in January 2022, ILPT commenced operations with a portfolio of strategically located facilities and a disciplined acquisition strategy.