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

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the recipient of a significant 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 daily volume of 330,400 shares, the days-to-cover ratio is currently 3.8 days. Currently, 2.2% of the company’s shares are sold short.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Hedge funds have recently modified their holdings of the business. First Trust Advisors LP bought a new position in shares of Industrial Logistics Properties Trust during the fourth quarter valued at approximately $39,000. EMC Capital Management increased its holdings 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 buying an additional 5,255 shares during the period. Caprock Group LLC purchased a new position in Industrial Logistics Properties Trust during the fourth quarter valued at approximately $56,000. Silver Oak Securities Incorporated purchased a new position in Industrial Logistics Properties Trust during the fourth quarter valued at approximately $65,000. Finally, ProShare Advisors LLC increased its holdings in Industrial Logistics Properties Trust by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 18,388 shares of the company’s stock valued at $67,000 after buying an additional 6,051 shares during the period. Hedge funds and other institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Down 1.0 %

Shares of ILPT opened at $3.97 on Wednesday. The firm has a market capitalization of $262.58 million, a P/E ratio of -2.53 and a beta of 1.84. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. The firm has a fifty day moving average price of $3.70 and a 200-day moving average price of $4.14.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last issued its earnings results on Tuesday, February 18th. The company reported $0.13 earnings per share (EPS) for the quarter. Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%.

Industrial Logistics Properties Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Monday, January 27th will be given a dividend of $0.01 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.01%. The ex-dividend date of this dividend is Monday, January 27th. Industrial Logistics Properties Trust’s dividend payout ratio (DPR) is -2.55%.

About Industrial Logistics Properties Trust

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.