Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Free Report) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totalling 2,090,000 shares, a growth of 91.7% from the June 30th total of 1,090,000 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 743,500 shares, the short-interest ratio is currently 2.8 days.
Analyst Ratings Changes
Separately, JMP Securities reaffirmed a “market perform” rating on shares of Industrial Logistics Properties Trust in a research note on Wednesday, July 3rd.
Read Our Latest Analysis on ILPT
Institutional Trading of Industrial Logistics Properties Trust
Industrial Logistics Properties Trust Stock Performance
Shares of ILPT traded up $0.08 during trading hours on Friday, hitting $5.14. The stock had a trading volume of 556,371 shares, compared to its average volume of 1,132,695. The company has a debt-to-equity ratio of 3.84, a current ratio of 4.77 and a quick ratio of 4.77. Industrial Logistics Properties Trust has a 12 month low of $2.21 and a 12 month high of $5.30. The firm has a market capitalization of $338.37 million, a PE ratio of -3.13 and a beta of 1.79. The stock has a fifty day moving average price of $3.95 and a 200 day moving average price of $3.97.
Industrial Logistics Properties Trust Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Monday, July 22nd will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Monday, July 22nd. Industrial Logistics Properties Trust’s dividend payout ratio is presently -2.44%.
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.
Read More
- Five stocks we like better than Industrial Logistics Properties Trust
- 3 Warren Buffett Stocks to Buy Now
- Is Crypto Cool Again? What Stocks You Should Be Watching
- What is the S&P 500 and How It is Distinct from Other Indexes
- Why Call Options Volume for These 2 Stocks Spiked Together
- Asset Allocation: The Key to a Successful Portfolio. Are You Paying Attention to Yours?
- MarketBeat Week in Review – 7/22 – 7/26
Receive News & Ratings for Industrial Logistics Properties Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Industrial Logistics Properties Trust and related companies with MarketBeat.com's FREE daily email newsletter.