Industrial Logistics Properties Trust (NASDAQ:ILPT) Posts Quarterly Earnings Results, Misses Estimates By $0.23 EPS
Industrial Logistics Properties Trust (NASDAQ:ILPT) issued its earnings results on Wednesday. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.23), MarketWatch Earnings reports. Industrial Logistics Properties Trust had a return on equity of 4.72% and a net margin of 19.62%.
Shares of ILPT traded up $0.05 during mid-day trading on Thursday, hitting $21.23. 5,465 shares of the company traded hands, compared to its average volume of 215,283. The company has a debt-to-equity ratio of 1.24, a quick ratio of 5.19 and a current ratio of 5.19. The stock has a 50-day moving average price of $20.39 and a two-hundred day moving average price of $19.72. Industrial Logistics Properties Trust has a 1 year low of $12.95 and a 1 year high of $24.18. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 2.68 and a beta of 0.95.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 20th. Stockholders of record on Monday, July 27th will be issued a dividend of $0.33 per share. The ex-dividend date is Friday, July 24th. This represents a $1.32 annualized dividend and a dividend yield of 6.22%. Industrial Logistics Properties Trust’s payout ratio is 75.00%.
About Industrial Logistics Properties Trust
Industrial Logistics Properties Trust 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.
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