Short Interest in Industrial Logistics Properties Trust (NASDAQ:ILPT) Decreases By 9.4%

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totalling 2,030,000 shares, a decrease of 9.4% from the August 31st total of 2,240,000 shares. Based on an average daily volume of 664,900 shares, the days-to-cover ratio is presently 3.1 days. Currently, 3.5% of the company’s stock are short sold.

Analyst Ratings Changes

A number of research firms recently weighed in on ILPT. JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a research report on Wednesday, July 3rd. B. Riley boosted their target price on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, August 5th.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

A number of institutional investors and hedge funds have recently made changes to their positions in ILPT. Fifth Lane Capital LP purchased a new position in shares of Industrial Logistics Properties Trust in the first quarter valued at about $49,000. Mesirow Financial Investment Management Inc. purchased a new stake in shares of Industrial Logistics Properties Trust during the 1st quarter worth approximately $58,000. SG Americas Securities LLC bought a new stake in shares of Industrial Logistics Properties Trust in the 1st quarter worth about $59,000. Cetera Advisors LLC increased its position in Industrial Logistics Properties Trust by 68.0% during the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock valued at $79,000 after acquiring an additional 7,413 shares during the last quarter. Finally, Bright Futures Wealth Management LLC. purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter valued at $83,000. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

NASDAQ:ILPT traded down $0.08 during trading hours on Friday, reaching $4.78. The company had a trading volume of 382,858 shares, compared to its average volume of 509,169. Industrial Logistics Properties Trust has a 52 week low of $2.21 and a 52 week high of $5.45. The firm’s 50 day moving average price is $4.91 and its 200-day moving average price is $4.26. The company has a current ratio of 5.09, a quick ratio of 5.09 and a debt-to-equity ratio of 3.96. The firm has a market cap of $314.68 million, a price-to-earnings ratio of -2.91 and a beta of 1.80.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd were paid a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 0.84%. The ex-dividend date was Monday, July 22nd. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is presently -2.44%.

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.