Industrial Logistics Properties Trust (NASDAQ:ILPT) Short Interest Up 91.7% in July

Industrial Logistics Properties Trust (NASDAQ:ILPT) 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.

Institutional Trading of Industrial Logistics Properties Trust

Several hedge funds have recently bought and sold shares of the stock. HTLF Bank purchased a new position in shares of Industrial Logistics Properties Trust in the fourth quarter valued at about $5,398,000. CastleKnight Management LP raised its position in Industrial Logistics Properties Trust by 36.6% during the fourth quarter. CastleKnight Management LP now owns 844,879 shares of the company’s stock valued at $3,971,000 after purchasing an additional 226,500 shares during the period. Anson Funds Management LP grew its stake in shares of Industrial Logistics Properties Trust by 3.9% during the first quarter. Anson Funds Management LP now owns 652,128 shares of the company’s stock valued at $2,798,000 after buying an additional 24,297 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC grew its stake in shares of Industrial Logistics Properties Trust by 7.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 525,697 shares of the company’s stock valued at $2,470,000 after buying an additional 35,755 shares during the last quarter. Finally, Bank of New York Mellon Corp bought a new position in shares of Industrial Logistics Properties Trust during the second quarter valued at approximately $741,000. Institutional investors own 49.08% of the company’s stock.

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.