Industrial Logistics Properties Trust (NASDAQ:ILPT) Hits New 1-Year High at $23.09

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Industrial Logistics Properties Trust (NASDAQ:ILPT) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $23.09 and last traded at $22.66, with a volume of 14572 shares trading hands. The stock had previously closed at $21.46.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Industrial Logistics Properties Trust from a “buy” rating to a “sell” rating in a report on Saturday, November 2nd. Royal Bank of Canada cut shares of Industrial Logistics Properties Trust from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $23.00 to $22.00 in a report on Wednesday, August 7th.

The stock’s 50-day moving average is $21.40 and its 200 day moving average is $20.93. The company has a debt-to-equity ratio of 1.39, a current ratio of 2.66 and a quick ratio of 2.66. The company has a market cap of $1.41 billion, a PE ratio of 14.08, a PEG ratio of 3.25 and a beta of 0.92.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its earnings results on Tuesday, October 29th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.26). Industrial Logistics Properties Trust had a net margin of 28.27% and a return on equity of 5.80%. The firm had revenue of $60.96 million during the quarter, compared to analyst estimates of $60.53 million. On average, analysts expect that Industrial Logistics Properties Trust will post 1.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 5.81%. The ex-dividend date of this dividend was Friday, October 25th. Industrial Logistics Properties Trust’s payout ratio is presently 81.99%.

Several institutional investors and hedge funds have recently modified their holdings of the company. Capital Investment Advisory Services LLC acquired a new position in Industrial Logistics Properties Trust during the second quarter worth approximately $34,000. Parallel Advisors LLC increased its position in Industrial Logistics Properties Trust by 757.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,971 shares of the company’s stock worth $42,000 after purchasing an additional 1,741 shares during the last quarter. Tower Research Capital LLC TRC acquired a new position in Industrial Logistics Properties Trust in the 3rd quarter worth about $45,000. AdvisorNet Financial Inc increased its position in Industrial Logistics Properties Trust by 26.3% in the 3rd quarter. AdvisorNet Financial Inc now owns 3,718 shares of the company’s stock worth $79,000 after purchasing an additional 774 shares during the last quarter. Finally, US Bancorp DE purchased a new stake in shares of Industrial Logistics Properties Trust during the 2nd quarter worth about $84,000. Hedge funds and other institutional investors own 89.21% of the company’s stock.

About Industrial Logistics Properties Trust (NASDAQ:ILPT)

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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