JMP Securities Reiterates Market Perform Rating for Industrial Logistics Properties Trust (NASDAQ:ILPT)

Industrial Logistics Properties Trust (NASDAQ:ILPT)‘s stock had its “market perform” rating reissued by investment analysts at JMP Securities in a report released on Wednesday, Benzinga reports.

Industrial Logistics Properties Trust Trading Down 5.4 %

NASDAQ ILPT traded down $0.20 during trading hours on Wednesday, reaching $3.49. The company had a trading volume of 540,086 shares, compared to its average volume of 512,628. The stock has a 50-day moving average of $3.85 and a 200 day moving average of $4.01. Industrial Logistics Properties Trust has a 1-year low of $2.21 and a 1-year high of $4.88. The company has a current ratio of 4.77, a quick ratio of 4.77 and a debt-to-equity ratio of 3.84. The stock has a market capitalization of $229.75 million, a P/E ratio of -2.13 and a beta of 1.79.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Fifth Lane Capital LP purchased a new stake in Industrial Logistics Properties Trust during the 1st quarter worth about $49,000. Mesirow Financial Investment Management Inc. purchased a new stake in Industrial Logistics Properties Trust in the 1st quarter valued at about $58,000. Belpointe Asset Management LLC purchased a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at about $58,000. SG Americas Securities LLC purchased a new stake in Industrial Logistics Properties Trust in the 1st quarter valued at about $59,000. Finally, Cetera Advisors LLC lifted its stake in shares of 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 in the last quarter. 49.08% of the stock is currently 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.