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

Industrial Logistics Properties Trust (NASDAQ:ILPT) was the recipient of a large decline in short interest in October. As of October 31st, there was short interest totalling 865,500 shares, a decline of 5.9% from the October 15th total of 919,800 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 617,700 shares, the days-to-cover ratio is currently 1.4 days.

Industrial Logistics Properties Trust Price Performance

NASDAQ:ILPT opened at $2.93 on Friday. The company has a debt-to-equity ratio of 3.53, a current ratio of 3.91 and a quick ratio of 3.91. The firm has a market cap of $192.92 million, a price-to-earnings ratio of -1.77 and a beta of 1.49. The company has a 50 day moving average price of $2.84 and a 200-day moving average price of $3.03. Industrial Logistics Properties Trust has a 1-year low of $1.64 and a 1-year high of $4.98.

Industrial Logistics Properties Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 16th. Investors of record on Monday, October 23rd were paid a $0.01 dividend. The ex-dividend date of this dividend was Friday, October 20th. This represents a $0.04 dividend on an annualized basis and a yield of 1.37%. Industrial Logistics Properties Trust’s dividend payout ratio is currently -2.41%.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Jacobs Levy Equity Management Inc. acquired a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $230,000. Tudor Investment Corp Et Al grew its stake in Industrial Logistics Properties Trust by 97.7% in the 3rd quarter. Tudor Investment Corp Et Al now owns 182,253 shares of the company’s stock valued at $527,000 after acquiring an additional 90,062 shares during the period. Belpointe Asset Management LLC acquired a new stake in Industrial Logistics Properties Trust in the 3rd quarter valued at $58,000. AQR Capital Management LLC grew its stake in Industrial Logistics Properties Trust by 0.5% in the 3rd quarter. AQR Capital Management LLC now owns 956,071 shares of the company’s stock valued at $2,763,000 after acquiring an additional 4,534 shares during the period. Finally, DigitalBridge Group Inc. grew its stake in Industrial Logistics Properties Trust by 181.8% in the 3rd quarter. DigitalBridge Group Inc. now owns 329,756 shares of the company’s stock valued at $953,000 after acquiring an additional 212,756 shares during the period. Institutional investors and hedge funds own 66.98% of the company’s stock.

Industrial Logistics Properties Trust Company Profile

ILPT is a real estate investment trust focused on owning and leasing high quality distribution and logistics properties. As of September 30, 2023, ILPT's portfolio consisted of 413 properties containing approximately 60.0 million rentable square feet located in 39 states. Approximately 77% of ILPT's annualized rental revenues as of September 30, 2023 are derived from investment grade tenants, tenants that are subsidiaries of investment grade rated entities or Hawaii land leases.