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

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 1,720,000 shares, a drop of 15.3% from the September 15th total of 2,030,000 shares. Currently, 3.0% of the company’s shares are sold short. Based on an average trading volume of 467,600 shares, the short-interest ratio is presently 3.7 days.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. JMP Securities restated a “market perform” rating on shares of Industrial Logistics Properties Trust in a report on Wednesday, July 3rd. B. Riley boosted their price objective on Industrial Logistics Properties Trust from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, August 5th.

Hedge Funds Weigh In On Industrial Logistics Properties Trust

Several hedge funds have recently modified their holdings of ILPT. Fifth Lane Capital LP bought a new position in Industrial Logistics Properties Trust in the first quarter valued at approximately $49,000. SG Americas Securities LLC acquired a new position in Industrial Logistics Properties Trust during the first quarter worth $59,000. Cetera Advisors LLC increased its holdings in Industrial Logistics Properties Trust by 68.0% during the first quarter. Cetera Advisors LLC now owns 18,311 shares of the company’s stock worth $79,000 after buying an additional 7,413 shares during the last quarter. Bright Futures Wealth Management LLC. bought a new stake in Industrial Logistics Properties Trust during the first quarter worth $83,000. Finally, Mackenzie Financial Corp acquired a new stake in Industrial Logistics Properties Trust in the second quarter valued at $85,000. Institutional investors own 49.08% of the company’s stock.

Industrial Logistics Properties Trust Stock Up 0.5 %

ILPT stock traded up $0.02 during trading hours on Monday, reaching $4.40. 233,777 shares of the stock were exchanged, compared to its average volume of 496,379. The company has a debt-to-equity ratio of 3.96, a current ratio of 5.09 and a quick ratio of 5.09. The company has a market cap of $289.66 million, a price-to-earnings ratio of -2.68 and a beta of 1.79. The firm’s 50-day moving average is $4.81 and its 200-day moving average is $4.29. Industrial Logistics Properties Trust has a 12 month low of $2.21 and a 12 month high of $5.45.

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.