Short Interest in Industrial Logistics Properties Trust (NASDAQ:ILPT) Decreases By 11.7%

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of a significant decrease in short interest during the month of October. As of October 31st, there was short interest totalling 1,590,000 shares, a decrease of 11.7% from the October 15th total of 1,800,000 shares. Based on an average daily volume of 379,300 shares, the days-to-cover ratio is presently 4.2 days. Currently, 2.8% of the shares of the company are sold short.

Industrial Logistics Properties Trust Stock Performance

Shares of NASDAQ:ILPT traded up $0.09 during trading on Monday, hitting $3.71. 314,109 shares of the company were exchanged, compared to its average volume of 488,338. Industrial Logistics Properties Trust has a 52-week low of $2.82 and a 52-week high of $5.45. The stock has a 50 day moving average of $4.33 and a 200 day moving average of $4.30. 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 market cap of $245.39 million, a PE ratio of -2.36 and a beta of 1.82.

Industrial Logistics Properties Trust Announces Dividend

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

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in ILPT. SG Americas Securities LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter worth about $59,000. Intech Investment Management LLC purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter worth approximately $71,000. Cetera Advisors LLC boosted its holdings in 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 purchasing an additional 7,413 shares during the period. Bright Futures Wealth Management LLC. purchased a new position in shares of Industrial Logistics Properties Trust during the 1st quarter valued at $83,000. Finally, BNP Paribas Financial Markets increased its holdings in shares of Industrial Logistics Properties Trust by 62.8% in the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after purchasing an additional 6,785 shares during the period. Institutional investors own 49.08% of the company’s stock.

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.