Industrial Logistics Properties Trust (NASDAQ:ILPT) Short Interest Up 9.7% in February

Industrial Logistics Properties Trust (NASDAQ:ILPT – Get Rating) was the target of a large growth in short interest in the month of February. As of February 28th, there was short interest totalling 2,030,000 shares, a growth of 9.7% from the February 13th total of 1,850,000 shares. Based on an average daily trading volume, of 966,100 shares, the short-interest ratio is presently 2.1 days. Approximately 3.2% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ILPT. Flat Footed LLC grew its holdings in Industrial Logistics Properties Trust by 259.5% during the 4th quarter. Flat Footed LLC now owns 3,461,326 shares of the company’s stock worth $11,319,000 after acquiring an additional 2,498,558 shares in the last quarter. Captrust Financial Advisors purchased a new position in shares of Industrial Logistics Properties Trust in the 2nd quarter valued at approximately $15,684,000. Dubuque Bank & Trust Co. raised its position in shares of Industrial Logistics Properties Trust by 352.0% in the 4th quarter. Dubuque Bank & Trust Co. now owns 1,123,563 shares of the company’s stock valued at $3,674,000 after purchasing an additional 875,000 shares during the last quarter. Marshall Wace LLP raised its position in shares of Industrial Logistics Properties Trust by 636.7% in the 3rd quarter. Marshall Wace LLP now owns 1,007,518 shares of the company’s stock valued at $5,542,000 after purchasing an additional 870,751 shares during the last quarter. Finally, Pacer Advisors Inc. raised its position in shares of Industrial Logistics Properties Trust by 133.0% in the 3rd quarter. Pacer Advisors Inc. now owns 1,047,940 shares of the company’s stock valued at $5,764,000 after purchasing an additional 598,176 shares during the last quarter. Institutional investors own 84.25% of the company’s stock.

Industrial Logistics Properties Trust Stock Performance

Shares of ILPT stock opened at $3.41 on Wednesday. The company’s 50-day moving average is $4.17 and its 200 day moving average is $4.63. Industrial Logistics Properties Trust has a one year low of $3.05 and a one year high of $23.08. The company has a market capitalization of $223.59 million, a price-to-earnings ratio of -0.98 and a beta of 1.14. The company has a debt-to-equity ratio of 3.19, a quick ratio of 3.37 and a current ratio of 3.37.

Industrial Logistics Properties Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 16th. Investors of record on Monday, January 23rd were paid a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, January 20th. Industrial Logistics Properties Trust’s payout ratio is -1.15%.

Analyst Upgrades and Downgrades

Separately, B. Riley decreased their price objective on shares of Industrial Logistics Properties Trust from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, February 21st.

About Industrial Logistics Properties Trust

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Industrial Logistics Properties Trust is a real estate investment trust, which owns and leases industrial and logistics properties. The company was founded on September 15, 2017 and is headquartered in Newton, MA.