JMP Securities Reaffirms “Market Perform” Rating for Industrial Logistics Properties Trust (NASDAQ:ILPT)

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

Industrial Logistics Properties Trust Stock Down 5.4 %

Shares of Industrial Logistics Properties Trust stock traded down $0.20 during trading on Wednesday, hitting $3.49. 540,086 shares of the stock were exchanged, compared to its average volume of 512,628. The stock has a market cap of $229.75 million, a price-to-earnings ratio of -2.13 and a beta of 1.79. The firm’s 50-day moving average price is $3.85 and its 200 day moving average price is $4.01. Industrial Logistics Properties Trust has a 12-month low of $2.21 and a 12-month high of $4.88. The company has a debt-to-equity ratio of 3.84, a current ratio of 4.77 and a quick ratio of 4.77.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Cetera Advisors LLC boosted 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 in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Industrial Logistics Properties Trust by 28.1% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 37,652 shares of the company’s stock worth $175,000 after buying an additional 8,262 shares in the last quarter. Fifth Lane Capital LP purchased a new stake in Industrial Logistics Properties Trust during the first quarter worth about $49,000. Mesirow Financial Investment Management Inc. purchased a new stake in Industrial Logistics Properties Trust during the first quarter worth about $58,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Industrial Logistics Properties Trust in the first quarter valued at about $59,000. 49.08% of the stock is currently owned by institutional investors and hedge funds.

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.