Short Interest in Industrial Logistics Properties Trust (NASDAQ:ILPT) Decreases By 6.7%

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of 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. Currently, 2.2% of the company’s stock are short sold. Based on an average daily trading volume, of 330,400 shares, the days-to-cover ratio is presently 3.8 days.

Industrial Logistics Properties Trust Stock Performance

NASDAQ ILPT traded down $0.04 on Monday, reaching $4.01. The stock had a trading volume of 102,575 shares, compared to its average volume of 275,765. The stock has a market cap of $265.22 million, a P/E ratio of -2.55 and a beta of 1.84. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. The business’s 50-day moving average price is $3.70 and its 200 day moving average price is $4.14. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Monday, January 27th will be issued a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.55%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. First Trust Advisors LP purchased a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at $39,000. EMC Capital Management lifted its position in shares of Industrial Logistics Properties Trust by 65.2% in the fourth quarter. EMC Capital Management now owns 13,319 shares of the company’s stock valued at $49,000 after acquiring an additional 5,255 shares in the last quarter. Caprock Group LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at $56,000. Silver Oak Securities Incorporated purchased a new stake in shares of Industrial Logistics Properties Trust in the fourth quarter valued at $65,000. Finally, ProShare Advisors LLC lifted its position in shares of Industrial Logistics Properties Trust by 49.0% in the fourth quarter. ProShare Advisors LLC now owns 18,388 shares of the company’s stock valued at $67,000 after acquiring an additional 6,051 shares in the last quarter. Institutional investors and hedge funds 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.