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 drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,270,000 shares, a drop of 20.1% from the October 31st total of 1,590,000 shares. Approximately 2.2% of the shares of the stock are sold short. Based on an average trading volume of 370,700 shares, the days-to-cover ratio is currently 3.4 days.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT traded down $0.09 on Monday, reaching $3.78. 314,702 shares of the company’s stock traded hands, compared to its average volume of 479,246. Industrial Logistics Properties Trust has a 12 month low of $3.15 and a 12 month high of $5.45. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13. The stock has a 50-day simple moving average of $4.07 and a 200-day simple moving average of $4.27. The firm has a market cap of $250.01 million, a PE ratio of -2.41 and a beta of 1.82.

Industrial Logistics Properties Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, November 14th. Stockholders of record on Monday, October 28th were issued 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 dividend payout ratio (DPR) is -2.55%.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price target on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a report on Monday, August 5th.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Large investors have recently made changes to their positions in the company. Intech Investment Management LLC bought a new stake in shares of Industrial Logistics Properties Trust in the third quarter worth about $71,000. BNP Paribas Financial Markets increased its stake in Industrial Logistics Properties Trust by 62.8% during the third quarter. BNP Paribas Financial Markets now owns 17,597 shares of the company’s stock worth $84,000 after acquiring an additional 6,785 shares during the last quarter. 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. Bright Futures Wealth Management LLC. bought a new stake in Industrial Logistics Properties Trust during the first quarter worth approximately $83,000. Finally, Mackenzie Financial Corp bought a new stake in Industrial Logistics Properties Trust during the second quarter worth approximately $85,000. 49.08% of the stock is owned by 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.