Industrial Logistics Properties Trust (NASDAQ:ILPT) released its quarterly earnings results on Tuesday. The company reported $0.20 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.24), Fidelity Earnings reports. Industrial Logistics Properties Trust had a return on equity of 6.99% and a net margin of 42.85%. The business had revenue of $60.09 million during the quarter, compared to the consensus estimate of $56.59 million.
ILPT traded down $0.09 during trading on Wednesday, hitting $21.38. The company’s stock had a trading volume of 412,700 shares, compared to its average volume of 455,879. The company has a debt-to-equity ratio of 0.73, a quick ratio of 3.61 and a current ratio of 3.61. Industrial Logistics Properties Trust has a one year low of $18.03 and a one year high of $24.70. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 13.28 and a beta of 0.94. The stock has a 50 day moving average price of $20.61.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 29th will be given a $0.33 dividend. The ex-dividend date is Friday, July 26th. This represents a $1.32 annualized dividend and a yield of 6.17%. Industrial Logistics Properties Trust’s payout ratio is presently 81.99%.
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.
Recommended Story: Asset Allocation Models, Which is Right For You?
Receive News & Ratings for Industrial Logistics Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Logistics Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.