Industrial Logistics Properties Trust (NASDAQ:ILPT) to Issue Quarterly Dividend of $0.01

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, April 11th, Zacks reports. Investors of record on Monday, April 22nd will be given a dividend of 0.01 per share on Thursday, May 16th. This represents a $0.04 annualized dividend and a dividend yield of 1.06%. The ex-dividend date of this dividend is Friday, April 19th.

Industrial Logistics Properties Trust has decreased its dividend by an average of 68.8% per year over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of 10.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Industrial Logistics Properties Trust to earn $0.79 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 5.1%.

Industrial Logistics Properties Trust Price Performance

Industrial Logistics Properties Trust stock opened at $3.79 on Wednesday. The company has a debt-to-equity ratio of 3.71, a quick ratio of 5.04 and a current ratio of 5.04. Industrial Logistics Properties Trust has a 1 year low of $1.64 and a 1 year high of $4.88. The firm’s 50-day moving average is $3.96 and its 200-day moving average is $3.69.

Institutional Trading of Industrial Logistics Properties Trust

Several large investors have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Industrial Logistics Properties Trust by 88.7% in the 3rd quarter. Tower Research Capital LLC TRC now owns 4,956 shares of the company’s stock worth $27,000 after buying an additional 2,329 shares in the last quarter. Private Advisor Group LLC bought a new stake in Industrial Logistics Properties Trust in the first quarter worth about $33,000. PNC Financial Services Group Inc. lifted its holdings in Industrial Logistics Properties Trust by 47.0% in the 4th quarter. PNC Financial Services Group Inc. now owns 10,108 shares of the company’s stock valued at $33,000 after acquiring an additional 3,231 shares during the last quarter. EWA LLC bought a new position in shares of Industrial Logistics Properties Trust during the 1st quarter valued at about $36,000. Finally, Two Sigma Securities LLC bought a new position in shares of Industrial Logistics Properties Trust during the 1st quarter valued at about $36,000. 49.08% of the stock is currently owned by institutional investors and hedge funds.

About Industrial Logistics Properties Trust

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.