Investing in Industrial Logistics Properties Trust (ILPT): What You Must Know


In a filing, Industrial Logistics Properties Trust revealed its Director PHELAN KEVIN C acquired Company’s shares for reported $10221.0 on Nov 18. In the deal valued at $3.41 per share,3,000 shares were bought. As a result of this transaction, PHELAN KEVIN C now holds 3,500 shares worth roughly $ 15155.0.

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JMP Securities downgraded its Industrial Logistics Properties Trust [ILPT] rating to a Mkt perform from a a Mkt outperform in a research note published on Friday. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in mid October with a ‘”a Hold”‘ rating. BTIG Research began covering ILPT with “Neutral” recommendation on April 26, 2021.

Price Performance Review of ILPT

On Friday, Industrial Logistics Properties Trust [NASDAQ:ILPT] saw its stock jump 2.85% to $4.33. On the same session, the stock had its day’s lowest price of $4.09, but rose to a high of $4.36. Over the last five days, the stock has lost -9.41%. Industrial Logistics Properties Trust shares have risen nearly 32.42% since the year began. Nevertheless, the stocks have fallen -80.30% over the past one year. While a 52-week high of $23.08 was reached on 02/17/23, a 52-week low of $3.05 was recorded on 01/03/23. SMA at 50 days reached $4.02, while 200 days put it at $7.58. A total of 0.59 million shares were traded, compared to the trading of 0.73 million shares in the previous session.

Levels Of Support And Resistance For ILPT Stock

The 24-hour chart illustrates a support level at 4.16, which if violated will result in even more drops to 3.99. On the upside, there is a resistance level at 4.43. A further resistance level may holdings at 4.53. The Relative Strength Index (RSI) on the 14-day chart is 50.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.27%. Stochastics %K at 35.39% indicates the stock is a holding.

How much short interest is there in Industrial Logistics Properties Trust?

A steep rise in short interest was recorded in Industrial Logistics Properties Trust stocks on Jan 12, 2023, dropping by -0.69 million shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 2.35 million shares. There was a decline of -41.57%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.94% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.39.

Industrial Logistics Properties Trust [ILPT] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 10,490,555 shares, or roughly 16.00% of the outstanding ILPT shares. In other words, the investor’s shares have fallen by -61,483 from its previous 13-F filing of 10552038.0. Additionally, The Vanguard Group, Inc. decreased -12.11% of its stake after which the total value it holdings stand at $41,726,450, while Flat Footed LLC added 259.52% of its stake to hold $15.26 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 385,499 shares of Industrial Logistics Properties Trust, while LSV Asset Management bought -201,344 shares. At present, Geode Capital Management LLC is holding 1,419,511 shares valued at $6.26 million. Charles Schwab Investment Managem owned 1,364,121 shares of the company at the time of its most recent 13F filing, worth $6.02 million.

According to FactSet, Industrial Logistics Properties Trust’s share price will average $6.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 42.52 percent from its previous closing price of $4.21. Analysts expect Industrial Logistics Properties Trust stock to reach the higher price of $10.00, while the lowest price estimate is $3.00. However, 5 analysts have rated ILPT stock as a Hold in their predictions for 2023.


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