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

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

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Several hedge funds and other institutional investors have recently bought and sold shares of ILPT. First Trust Advisors LP acquired a new stake in Industrial Logistics Properties Trust during the 4th quarter valued at approximately $39,000. EMC Capital Management lifted its position in 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 purchasing an additional 5,255 shares during the period. Intech Investment Management LLC purchased a new stake in Industrial Logistics Properties Trust in the third quarter valued at $71,000. Caprock Group LLC acquired a new stake in Industrial Logistics Properties Trust during the 4th quarter worth about $56,000. Finally, BNP Paribas Financial Markets raised its stake in shares of Industrial Logistics Properties Trust by 62.8% during the 3rd 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 and hedge funds own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Industrial Logistics Properties Trust stock opened at $4.01 on Tuesday. The business’s 50-day simple moving average is $3.70 and its two-hundred day simple 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 has a fifty-two week low of $3.15 and a fifty-two week high of $5.45.

Industrial Logistics Properties Trust Announces Dividend

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

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.