Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Free Report) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totalling 2,090,000 shares, an increase of 91.7% from the June 30th total of 1,090,000 shares. Currently, 3.2% of the shares of the stock are sold short. Based on an average trading volume of 743,500 shares, the short-interest ratio is presently 2.8 days.
Analyst Upgrades and Downgrades
Separately, JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, July 3rd.
Read Our Latest Stock Report on ILPT
Institutional Trading of Industrial Logistics Properties Trust
Industrial Logistics Properties Trust Price Performance
Shares of NASDAQ:ILPT traded up $0.08 during trading on Friday, reaching $5.14. The company had a trading volume of 556,371 shares, compared to its average volume of 1,132,695. The firm’s fifty day moving average is $3.95 and its 200 day moving average is $3.97. The firm has a market capitalization of $338.37 million, a PE ratio of -3.13 and a beta of 1.79. Industrial Logistics Properties Trust has a twelve month low of $2.21 and a twelve month high of $5.30. The company has a debt-to-equity ratio of 3.84, a quick ratio of 4.77 and a current ratio of 4.77.
Industrial Logistics Properties Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Monday, July 22nd will be paid a $0.01 dividend. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Monday, July 22nd. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.44%.
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.
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