Industrial Logistics Properties Trust (NASDAQ:ILPT) Expected to Post FY2024 Earnings of $0.51 Per Share

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Analysts at B. Riley reduced their FY2024 EPS estimates for shares of Industrial Logistics Properties Trust in a research report issued to clients and investors on Monday, August 5th. B. Riley analyst B. Maher now forecasts that the company will post earnings of $0.51 per share for the year, down from their previous forecast of $0.52. B. Riley currently has a “Buy” rating and a $10.00 price target on the stock. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.52 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.60 EPS, Q1 2026 earnings at $0.18 EPS, Q2 2026 earnings at $0.19 EPS and FY2026 earnings at $0.72 EPS.

Separately, JMP Securities reissued a “market perform” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, July 3rd.

Industrial Logistics Properties Trust Trading Up 0.2 %

Shares of ILPT stock opened at $4.79 on Tuesday. The firm has a 50-day moving average price of $4.12 and a 200 day moving average price of $4.01. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.45. The company has a market capitalization of $315.34 million, a price-to-earnings ratio of -2.92 and a beta of 1.79. The company has a current ratio of 5.09, a quick ratio of 4.77 and a debt-to-equity ratio of 3.96.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers increased its stake in shares of Industrial Logistics Properties Trust by 499.3% during the 2nd quarter. Rhumbline Advisers now owns 101,945 shares of the company’s stock valued at $375,000 after acquiring an additional 84,933 shares during the last quarter. Bailard Inc. acquired a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at about $123,000. Bank of New York Mellon Corp acquired a new position in shares of Industrial Logistics Properties Trust during the 2nd quarter valued at about $741,000. Bright Futures Wealth Management LLC. purchased a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter worth about $83,000. Finally, Cetera Advisors LLC grew its holdings in shares of Industrial Logistics Properties Trust by 68.0% during the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after purchasing an additional 7,413 shares during the period. Institutional investors and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 15th. Investors of record on Monday, July 22nd will be paid a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.84%. The ex-dividend date is Monday, July 22nd. Industrial Logistics Properties Trust’s payout ratio is -2.44%.

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.