Industrial Logistics Properties Trust (NASDAQ:ILPT) Stock Rating Reaffirmed by JMP Securities

Industrial Logistics Properties Trust (NASDAQ:ILPT)‘s stock had its “market perform” rating restated by research analysts at JMP Securities in a report issued on Wednesday, Benzinga reports.

Industrial Logistics Properties Trust Stock Down 5.4 %

ILPT opened at $3.49 on Wednesday. The stock has a market cap of $229.75 million, a PE ratio of -2.13 and a beta of 1.79. The company has a quick ratio of 4.77, a current ratio of 4.77 and a debt-to-equity ratio of 3.84. Industrial Logistics Properties Trust has a 52 week low of $2.21 and a 52 week high of $4.88. The business’s fifty day simple moving average is $3.84 and its 200 day simple moving average is $4.00.

Institutional Investors Weigh In On Industrial Logistics Properties Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. HTLF Bank bought a new stake in shares of Industrial Logistics Properties Trust during the 4th quarter valued at $5,398,000. CastleKnight Management LP increased its holdings in shares of Industrial Logistics Properties Trust by 36.6% in the 4th quarter. CastleKnight Management LP now owns 844,879 shares of the company’s stock worth $3,971,000 after buying an additional 226,500 shares during the last quarter. DigitalBridge Group Inc. grew its holdings in Industrial Logistics Properties Trust by 181.8% during the 3rd quarter. DigitalBridge Group Inc. now owns 329,756 shares of the company’s stock valued at $953,000 after purchasing an additional 212,756 shares during the last quarter. Citigroup Inc. grew its stake in Industrial Logistics Properties Trust by 6,833.5% in the 3rd quarter. Citigroup Inc. now owns 134,509 shares of the company’s stock worth $389,000 after acquiring an additional 132,569 shares in the last quarter. Finally, Jump Financial LLC grew its stake in Industrial Logistics Properties Trust by 103.8% in the 4th quarter. Jump Financial LLC now owns 131,724 shares of the company’s stock worth $619,000 after acquiring an additional 67,093 shares in the last quarter. Institutional investors own 49.08% of the company’s stock.

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.