Industrial Logistics Properties Trust (NASDAQ:ILPT) Short Interest Update

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of a large decline in short interest in the month of 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 shares of the company are short sold. Based on an average daily trading volume, of 379,300 shares, the short-interest ratio is presently 4.2 days.

Wall Street Analysts Forecast Growth

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

Industrial Logistics Properties Trust Stock Up 2.5 %

Shares of Industrial Logistics Properties Trust stock traded up $0.09 during trading on Monday, reaching $3.71. 314,109 shares of the company traded hands, compared to its average volume of 488,338. 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 50 day moving average price of $4.33 and a 200-day moving average price of $4.30. The firm has a market capitalization of $245.39 million, a PE ratio of -2.36 and a beta of 1.82. Industrial Logistics Properties Trust has a 1-year low of $2.82 and a 1-year high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend was Monday, October 28th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.55%.

Institutional Trading of Industrial Logistics Properties Trust

A number of institutional investors and hedge funds have recently modified their holdings of ILPT. SG Americas Securities LLC purchased a new position in Industrial Logistics Properties Trust in the first quarter valued at about $59,000. Intech Investment Management LLC purchased a new position in Industrial Logistics Properties Trust in the third quarter valued at approximately $71,000. Cetera Advisors LLC increased its stake in shares of Industrial Logistics Properties Trust by 68.0% in the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after purchasing an additional 7,413 shares in the last quarter. Bright Futures Wealth Management LLC. purchased a new stake in Industrial Logistics Properties Trust during the 1st quarter worth about $83,000. Finally, BNP Paribas Financial Markets boosted its holdings in Industrial Logistics Properties Trust by 62.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock valued at $84,000 after purchasing an additional 6,785 shares during the period. 49.08% of the stock is owned by hedge funds and other institutional investors.

About Industrial Logistics Properties Trust

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.