Industrial Logistics Properties Trust (ILPT) Announces Quarterly Dividend of $0.27

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, April 19th, Zacks reports. Stockholders of record on Monday, April 30th will be paid a dividend of 0.27 per share on Monday, May 14th. This represents a $1.08 annualized dividend and a dividend yield of 5.14%. The ex-dividend date of this dividend is Friday, April 27th.

NASDAQ:ILPT opened at $21.00 on Friday. Industrial Logistics Properties Trust has a 12 month low of $17.21 and a 12 month high of $24.00. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.09.

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A number of equities analysts have commented on the stock. B. Riley assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a “buy” rating and a $30.00 price target on the stock. Royal Bank of Canada assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $27.00 price target on the stock. UBS assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a “neutral” rating and a $23.00 price target on the stock. Bank of America assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, JMP Securities assumed coverage on shares of Industrial Logistics Properties Trust in a research report on Tuesday, February 6th. They issued an “outperform” rating and a $26.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $26.20.

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Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust is focused on the ownership and leasing of industrial and logistics properties throughout the United States. The Company owns 266 properties with a total of approximately 28.5 million square feet, including: 226 buildings, leasable land parcels and easements totaling approximately 16.8 million square feet located on the island of Oahu, Hawaii; and 40 properties with approximately 11.7 million square feet located in 24 other states.

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