Industrial Logistics Properties Trust (NASDAQ:ILPT) Sees Significant Decline in Short Interest

Industrial Logistics Properties Trust (NASDAQ:ILPT) saw a large decrease in short interest during the month of November. As of November 15th, there was short interest totalling 1,270,000 shares, a decrease of 20.1% from the October 31st total of 1,590,000 shares. Based on an average daily trading volume, of 370,700 shares, the days-to-cover ratio is currently 3.4 days. Approximately 2.2% of the company’s stock are short sold.

Industrial Logistics Properties Trust Stock Up 0.3 %

Industrial Logistics Properties Trust stock traded up $0.01 during midday trading on Friday, hitting $3.87. The stock had a trading volume of 191,683 shares, compared to its average volume of 479,958. The business has a fifty day moving average price of $4.09 and a 200 day moving average price of $4.27. Industrial Logistics Properties Trust has a 12 month low of $3.15 and a 12 month high of $5.45. The stock has a market cap of $255.98 million, a P/E ratio of -2.46 and a beta of 1.82. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13.

Industrial Logistics Properties Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.03%. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.55%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Large investors have recently added to or reduced their stakes in the company. Intech Investment Management LLC bought a new stake in Industrial Logistics Properties Trust during the third quarter valued at $71,000. Cetera Advisors LLC boosted its holdings in shares of 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 during the period. Bright Futures Wealth Management LLC. acquired a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $83,000. BNP Paribas Financial Markets grew its position in shares of Industrial Logistics Properties Trust by 62.8% during the 3rd 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 during the last quarter. Finally, Mackenzie Financial Corp acquired a new stake in Industrial Logistics Properties Trust during the second quarter worth about $85,000. 49.08% of the stock is currently owned by institutional investors.

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.