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%.

Several research analysts have recently issued reports on the stock. ValuEngine downgraded shares of Industrial Logistics Properties Trust from a “hold” rating to a “sell” rating in a research note on Wednesday, April 1st. B. Riley dropped their target price on shares of Industrial Logistics Properties Trust from $29.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, May 1st. JMP Securities initiated coverage on shares of Industrial Logistics Properties Trust in a report on Monday, June 8th. They set an “outperform” rating and a $27.00 price objective for the company. Zacks Investment Research cut shares of Industrial Logistics Properties Trust from a “buy” rating to a “hold” rating in a report on Thursday, July 16th. Finally, BidaskClub cut shares of Industrial Logistics Properties Trust from a “hold” rating to a “sell” rating in a report on Saturday, July 11th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Industrial Logistics Properties Trust currently has an average rating of “Hold” and an average target price of $24.75.

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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Earnings History for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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