Industrial Logistics Properties Trust (NASDAQ:ILPT) Short Interest Down 20.1% in November

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of a significant decline in short interest in the month of November. As of November 15th, there was short interest totalling 1,270,000 shares, a decline of 20.1% from the October 31st total of 1,590,000 shares. Approximately 2.2% of the company’s shares are short sold. Based on an average daily trading volume, of 370,700 shares, the short-interest ratio is presently 3.4 days.

Industrial Logistics Properties Trust Stock Down 2.3 %

NASDAQ:ILPT traded down $0.09 during mid-day trading on Monday, reaching $3.78. The company’s stock had a trading volume of 314,702 shares, compared to its average volume of 479,246. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a 1 year low of $3.15 and a 1 year high of $5.45. The stock has a fifty day moving average of $4.07 and a 200-day moving average of $4.27. The firm has a market capitalization of $250.01 million, a PE ratio of -2.41 and a beta of 1.82.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were given a $0.01 dividend. The ex-dividend date was Monday, October 28th. This represents a $0.04 annualized dividend and a dividend yield of 1.06%. Industrial Logistics Properties Trust’s payout ratio is presently -2.55%.

Wall Street Analysts Forecast Growth

Separately, B. Riley increased their price objective on 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.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Industrial Logistics Properties Trust by 2.9% in the third quarter. Geode Capital Management LLC now owns 1,533,950 shares of the company’s stock valued at $7,303,000 after purchasing an additional 43,068 shares during the last quarter. State Street Corp grew its position in shares of Industrial Logistics Properties Trust by 21.0% in the 3rd quarter. State Street Corp now owns 997,661 shares of the company’s stock worth $4,749,000 after buying an additional 173,230 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Industrial Logistics Properties Trust by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 839,912 shares of the company’s stock worth $3,091,000 after acquiring an additional 9,382 shares in the last quarter. Thrivent Financial for Lutherans lifted its position in Industrial Logistics Properties Trust by 10.9% during the third quarter. Thrivent Financial for Lutherans now owns 471,092 shares of the company’s stock valued at $2,242,000 after acquiring an additional 46,214 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in Industrial Logistics Properties Trust by 162.9% in the second quarter. Renaissance Technologies LLC now owns 454,300 shares of the company’s stock valued at $1,672,000 after acquiring an additional 281,500 shares in the last quarter. 49.08% of the stock is owned by hedge funds and other institutional investors.

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.