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

Industrial Logistics Properties Trust (NASDAQ:ILPT) 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.

Institutional Trading of Industrial Logistics Properties Trust

Institutional investors have recently made changes to their positions in the stock. Fifth Lane Capital LP acquired a new stake in shares of Industrial Logistics Properties Trust in the 1st quarter worth approximately $49,000. Mesirow Financial Investment Management Inc. acquired a new stake in Industrial Logistics Properties Trust during the first quarter valued at approximately $58,000. SG Americas Securities LLC acquired a new stake in Industrial Logistics Properties Trust during the first quarter valued at approximately $59,000. Cetera Advisors LLC lifted its stake 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 purchasing an additional 7,413 shares during the last quarter. Finally, Quadrature Capital Ltd acquired a new stake in Industrial Logistics Properties Trust during the fourth quarter valued at approximately $86,000. 49.08% of the stock is owned by institutional investors and hedge funds.

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.