Short Interest in Industrial Logistics Properties Trust (NASDAQ:ILPT) Decreases By 11.7%

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of a large decline in short interest in October. As of October 31st, there was short interest totalling 1,590,000 shares, a decline of 11.7% from the October 15th total of 1,800,000 shares. Currently, 2.8% of the company’s stock are short sold. Based on an average trading volume of 379,300 shares, the days-to-cover ratio is currently 4.2 days.

Analyst Ratings Changes

Separately, B. Riley raised their price target on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, August 5th.

Industrial Logistics Properties Trust Price Performance

Shares of NASDAQ:ILPT traded up $0.09 during trading on Monday, hitting $3.71. 314,109 shares of the company’s stock were exchanged, compared to its average volume of 488,338. Industrial Logistics Properties Trust has a 52-week low of $2.82 and a 52-week high of $5.45. The company has a debt-to-equity ratio of 4.13, a current ratio of 4.53 and a quick ratio of 4.53. The company has a market cap of $245.39 million, a price-to-earnings ratio of -2.36 and a beta of 1.82. The business’s 50-day simple moving average is $4.33 and its 200 day simple moving average is $4.30.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Investors of record on Monday, October 28th were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Monday, October 28th. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in Industrial Logistics Properties Trust during the first quarter valued at approximately $59,000. Intech Investment Management LLC purchased a new stake in Industrial Logistics Properties Trust during the third quarter worth $71,000. BNP Paribas Financial Markets increased its position in shares of Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after buying an additional 6,785 shares in the last quarter. Cetera Advisors LLC lifted its stake in Industrial Logistics Properties Trust by 68.0% in the 1st quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after buying an additional 7,413 shares in the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter worth about $83,000. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Company Profile

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.