Industrial Logistics Properties Trust said on July 13, 2023 that its board of directors declared a regular quarterly dividend of $0.01 per share ($0.04 annualized). Previously, the company paid $0.01 per share.
Shareholders of record as of July 24, 2023 will receive payment on August 17, 2023.
At the current stock price of $3.93/share, the stock’s dividend yield is 1.02%.
Looking back five years and taking a sample each week, the average dividend yield was 5.25%, the low 0.41% and the high 13.61%. The standard deviation of returns is 2.24 (n=236).
The current dividend yield is 1.88 standard deviations below the historical average.
Additionally, the company’s dividend payout ratio is -0.01. The payout ratio tells us how much of a company’s income is paid out as dividends. A payout ratio of one (1.0) means that 100% of the company’s income is paid out as dividends. A payout ratio above one means the company is dipping into its savings to maintain its dividend, which is not a healthy situation. Companies with little growth prospects should pay most of their income in the form of dividends, which generally means a payout ratio between 0.5 and 1.0. Companies with good growth prospects should retain part of their profits in order to invest in these growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is -0.97%.
What is fund sentiment?
There are 384 funds or institutions reporting positions in Industrial Logistics Properties Trust. This is a decrease of 41 owner(s) or 9.65% in the last quarter. Average portfolio weight of all funds dedicated to the ILPT is 0.04%, a decrease of 11.13%. The total number of shares held by institutions has decreased by 10.90% over the past three months to 55,332,000 shares. The ILPT’s put/call ratio is 0.12, indicating a bullish outlook.
Analyst price forecast suggests 55.73% upside
As of July 6, 2023, the one-year average price target for Industrial Logistics Properties Trust is 6.12. The forecast ranges from a low of 3.03 to a high of $10.50. The average price target represents a 55.73% increase from its last published closing price of 3.93.
Check out our ranking of companies with the biggest upward price target.
The forecast annual turnover for Industrial Logistics Properties Trust is 426 million, a decrease of 0.13%. Projected annual non-GAAP EPS is -1.67.
What are the other shareholders doing?
IJR – iShares Core S&P Small-Cap ETF holds 4,930,000 shares representing 7.52% ownership of the company. In its previous filing, the company said it held 4,787,000 shares, representing a raise of 2.91%. The company decreases its portfolio allocation in ILPT of 44.29% over the last quarter.
Flat Footed holds 3,214,000 shares representing 4.90% ownership of the company. In its previous filing, the company said it held 3,461,000 shares, representing a decrease of 7.70%. The company decreases its portfolio allocation in ILPT of 36.40% over the last quarter.
VGSIX – Vanguard Real Estate Index Fund Investor Shares owns 2,874,000 shares representing 4.38% ownership of the company. In its previous filing, the company stated that it holds 2,907,000 shares, representing a decrease 1.15%. The company decreases its portfolio allocation in ILPT of 48.83% over the last quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares owns 2,135,000 shares representing 3.26% ownership of the company. No change in the last quarter.
Lsv Asset Management holds 1,757,000 shares representing 2.68% of the ownership of the company. In its previous filing, the company said it held 1,994,000 shares, representing a decrease of 13.50%. The company decreases its portfolio allocation in ILPT of 15.88% over the last quarter.
General Information on Industrial Logistics Property Trust
(This description is provided by the company.)
Industrial Logistics Properties Trust is a real estate investment trust, or REIT, that owns and leases industrial and logistics properties across the United States. As of September 30, 2020, ILPT owned 301 properties with 43.8 million leasable square feet that are approximately 98.8% leased to 264 different tenants with a weighted average remaining lease term of approximately 9.0 years.
- REAL ESTATE TRUST INDUSTRIAL LOGISTICS SECOND BY-LAW AMENDED AND UPDATED As of June 1, 2023 TABLE OF CONTENTS
- INDUSTRIAL LOGISTICS PROPERTIES TRUST SECOND AMENDED AND REFORMED REGULATIONS As of June 1, 2023 As amended and updated on January 11, 2018 and as amended on March 25, 2019
- INDUSTRIAL LOGISTICS PRO May 2023 510 John Dodd Road Spartanburg, SC 1,015,740 square feet ILPT Ownership: 100% INVESTOR PRESENTATION Exhibit 99.1 2 INDUSTRIAL LOGISTICS PROPERTIES TRUST This presentation contains forward-looking statements
- Industrial Logistics Properties Trust Announces First Quarter 2023 Results
- 1 Industrial Logistics Properties Trust First Quarter 2023 Financial Results and Additional Information April 25, 2023 Room 99.2510 John Dodd Road Spartanburg, SC 1,015,740 square feet ILPT 100% owned 2 Additional Q1 2023 BACK TO TABLE OF
This story originally appeared on Fintel.
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