Industrial Logistics Properties Trust (NASDAQ:ILPT) Short Interest Update

Industrial Logistics Properties Trust (NASDAQ:ILPT) saw a large drop in short interest in the month of January. As of January 31st, there was short interest totalling 1,250,000 shares, a drop of 6.7% from the January 15th total of 1,340,000 shares. Based on an average trading volume of 330,400 shares, the short-interest ratio is presently 3.8 days. Currently, 2.2% of the shares of the company are short sold.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. First Trust Advisors LP bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter valued at approximately $39,000. EMC Capital Management raised its position in shares of Industrial Logistics Properties Trust by 65.2% during the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after buying an additional 5,255 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of Industrial Logistics Properties Trust during the third quarter valued at approximately $71,000. Caprock Group LLC bought a new stake in shares of Industrial Logistics Properties Trust during the fourth quarter valued at approximately $56,000. Finally, BNP Paribas Financial Markets raised its position in shares of 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 valued at $84,000 after buying an additional 6,785 shares during the last quarter. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Price Performance

NASDAQ ILPT opened at $3.97 on Wednesday. Industrial Logistics Properties Trust has a 12 month low of $3.15 and a 12 month high of $5.45. The stock has a market cap of $262.58 million, a price-to-earnings ratio of -2.53 and a beta of 1.84. The company’s 50 day moving average is $3.70 and its two-hundred day moving average is $4.14. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last released its earnings results on Tuesday, February 18th. The company reported $0.13 EPS for the quarter. Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%.

Industrial Logistics Properties Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, January 27th. Industrial Logistics Properties Trust’s payout ratio is -2.55%.

About Industrial Logistics Properties Trust

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.