The price of Industrial Logistics Properties Trust (NASDAQ:ILPT) shares last traded on Wall Street fell -3.68% to $3.66.
ILPT stock price is now 63.98% away from the 50-day moving average and 1.27% away from the 200-day moving average. The market capitalization of the company currently stands at $225.68M.
In other news, JONES LISA HARRIS, Director sold 19,659 shares of the company’s stock on May 04. The stock was sold for $39,332 at an average price of $2.00. Upon completion of the transaction, the Director now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On May 03, Director Morea Joseph sold 17,500 shares of the business’s stock. A total of $36,293 was realized by selling the stock at an average price of $2.07. Insiders disposed of 44,153 shares of company stock worth roughly $0.16 million over the past 1 year. A total of 0.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ILPT stock. A new stake in Industrial Logistics Properties Trust shares was purchased by NANTAHALA CAPITAL MANAGEMENT, LLC during the first quarter worth $4,613,000. ARROWSTREET CAPITAL, LIMITED PARTNERSHIP invested $4,240,000 in shares of ILPT during the first quarter. In the first quarter, HOUSEHOLDER GROUP ESTATE & RETIREMENT SPECIALIST, LLC acquired a new stake in Industrial Logistics Properties Trust valued at approximately $1,521,000. J. GOLDMAN & CO LP acquired a new stake in ILPT for approximately $1,318,000. GSA CAPITAL PARTNERS LLP purchased a new stake in ILPT valued at around $1,275,000 in the second quarter. In total, there are 279 active investors with 87.20% ownership of the company’s stock.
A candlestick chart of Industrial Logistics Properties Trust (NASDAQ: ILPT) showed a price of $3.7700 on Thursday morning. During the past 12 months, Industrial Logistics Properties Trust has had a low of $1.64 and a high of $14.47. The fifty day moving average price for ILPT is $2.2652 and a two-hundred day moving average price translates $3.5982 for the stock.
The latest earnings results from Industrial Logistics Properties Trust (NASDAQ: ILPT) was released for Mar, 2023. According to the REIT – Industrial Company, earnings per share came in at -$0.36, beating analysts’ expectations of -$0.47 by 0.11. This compares to -$0.10 EPS in the same period last year. The net profit margin was -57.40% and return on equity was -30.50% for ILPT. The company reported revenue of $110.26 million for the quarter, compared to $71.38 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 54.48 percent. For the current quarter, analysts expect ILPT to generate $109.43M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 05/18/2023. Investors who held shares on 04/24/2023 were paid a $0.01 dividend. On an annualized basis, this represents a $0.04 dividend and a 1.09% percent yield. There was an ex-dividend date of 04/21/2023 for this dividend.
Industrial Logistics Properties Trust(ILPT) Company Profile
ILPT is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties that serve the growing needs of e-commerce. As of March 31, 2023, ILPT’s portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. Approximately 78% of ILPT’s annualized rental revenues as of March 31, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases. ILPT is managed by The RMR Group (Nasdaq: RMR), a leading U.S. alternative asset management company with over $37 billion in assets under management as of March 31, 2023 and more than 35 years of institutional experience in buying, selling, financing and operating commercial real estate. ILPT is headquartered in Newton, MA.
