Industrial Logistics Properties Trust’s (ILPT) Market Perform Rating Reiterated at JMP Securities

JMP Securities reissued their market perform rating on shares of Industrial Logistics Properties Trust (NASDAQ:ILPT) in a research report sent to investors on Wednesday, Benzinga reports.

Industrial Logistics Properties Trust Stock Down 1.1 %

NASDAQ ILPT opened at $3.45 on Wednesday. The company has a market capitalization of $227.12 million, a P/E ratio of -2.10 and a beta of 1.79. Industrial Logistics Properties Trust has a 52 week low of $2.21 and a 52 week high of $4.88. The stock’s 50-day moving average price is $3.83 and its 200-day moving average price is $4.00. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 3.84.

Industrial Logistics Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 16th. Investors of record on Monday, April 22nd were issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 1.16%. The ex-dividend date of this dividend was Friday, April 19th. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.44%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

A number of institutional investors have recently added to or reduced their stakes in ILPT. Fifth Lane Capital LP purchased a new position in Industrial Logistics Properties Trust during the first quarter valued at $49,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Industrial Logistics Properties Trust in the first quarter worth about $58,000. Belpointe Asset Management LLC bought a new stake in shares of Industrial Logistics Properties Trust in the third quarter worth about $58,000. SG Americas Securities LLC bought a new position in Industrial Logistics Properties Trust during the first quarter valued at approximately $59,000. Finally, Cetera Advisors LLC increased its stake in Industrial Logistics Properties Trust by 68.0% in the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after acquiring an additional 7,413 shares during the last quarter. 49.08% of the stock is owned by hedge funds and other institutional investors.

About Industrial Logistics Properties Trust

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.