Industrial Logistics Properties Trust (NASDAQ:ILPT) Short Interest Down 15.3% in September

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the recipient of a significant drop in short interest in the month of September. As of September 30th, there was short interest totalling 1,720,000 shares, a drop of 15.3% from the September 15th total of 2,030,000 shares. Based on an average daily trading volume, of 467,600 shares, the days-to-cover ratio is presently 3.7 days. Currently, 3.0% of the shares of the company are short sold.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ILPT shares. JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd. B. Riley raised their target price on shares of Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, August 5th.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT traded up $0.07 during trading hours on Wednesday, reaching $4.54. The stock had a trading volume of 292,383 shares, compared to its average volume of 493,775. The company has a debt-to-equity ratio of 3.96, a quick ratio of 5.09 and a current ratio of 5.09. The stock has a market capitalization of $298.88 million, a PE ratio of -2.73 and a beta of 1.79. Industrial Logistics Properties Trust has a 52 week low of $2.21 and a 52 week high of $5.45. The company has a 50 day moving average price of $4.80 and a two-hundred day moving average price of $4.30.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

A number of hedge funds have recently bought and sold shares of the business. Quadrature Capital Ltd purchased a new position in shares of Industrial Logistics Properties Trust in the 4th quarter worth $86,000. Fifth Lane Capital LP bought a new position in shares of Industrial Logistics Properties Trust in the 1st quarter valued at about $49,000. SG Americas Securities LLC purchased a new position in Industrial Logistics Properties Trust in the first quarter worth about $59,000. Anson Funds Management LP increased its stake in Industrial Logistics Properties Trust by 3.9% during the first quarter. Anson Funds Management LP now owns 652,128 shares of the company’s stock worth $2,798,000 after acquiring an additional 24,297 shares during the last quarter. Finally, Cetera Advisors LLC increased 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 worth $79,000 after acquiring an additional 7,413 shares during the last quarter. Hedge funds and other 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.