B. Riley Research Analysts Lift Earnings Estimates for ILPT

Industrial Logistics Properties Trust (NASDAQ:ILPT) – Research analysts at B. Riley raised their FY2024 earnings estimates for shares of Industrial Logistics Properties Trust in a research report issued on Monday, November 4th. B. Riley analyst B. Maher now anticipates that the company will post earnings of $0.52 per share for the year, up from their previous forecast of $0.51. B. Riley has a “Buy” rating and a $10.00 price objective on the stock. The consensus estimate for Industrial Logistics Properties Trust’s current full-year earnings is $0.51 per share. B. Riley also issued estimates for Industrial Logistics Properties Trust’s Q1 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.16 EPS, Q4 2025 earnings at $0.17 EPS, FY2025 earnings at $0.65 EPS, Q1 2026 earnings at $0.21 EPS, Q2 2026 earnings at $0.21 EPS, Q3 2026 earnings at $0.21 EPS and FY2026 earnings at $0.84 EPS.

Industrial Logistics Properties Trust Stock Up 2.5 %

NASDAQ:ILPT opened at $3.73 on Wednesday. The business’s fifty day moving average price is $4.50 and its 200 day moving average price is $4.30. The firm has a market capitalization of $246.70 million, a price-to-earnings ratio of -2.38 and a beta of 1.82. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a 1-year low of $2.61 and a 1-year high of $5.45.

Institutional Trading of Industrial Logistics Properties Trust

Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter valued at $59,000. Cetera Advisors LLC boosted its position in Industrial Logistics Properties Trust by 68.0% during the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after purchasing an additional 7,413 shares during the last quarter. Bright Futures Wealth Management LLC. purchased a new position in Industrial Logistics Properties Trust in the first quarter valued at about $83,000. Mackenzie Financial Corp acquired a new position in Industrial Logistics Properties Trust in the 2nd quarter worth about $85,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $98,000. 49.08% of the stock is owned by hedge funds and other institutional investors.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 14th. Stockholders of record on Monday, October 28th will be issued a $0.01 dividend. The ex-dividend date of this dividend is Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.07%. Industrial Logistics Properties Trust’s dividend payout ratio is -2.55%.

Industrial Logistics Properties Trust Company Profile

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.