InvenTrust Properties Corp. (NYSE:IVT) Short Interest Update

InvenTrust Properties Corp. (NYSE:IVT) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 928,600 shares, a drop of 13.2% from the February 13th total of 1,070,000 shares. Approximately 1.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 425,900 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors have recently bought and sold shares of the company. Millstone Evans Group LLC acquired a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $27,000. GF Fund Management CO. LTD. bought a new stake in shares of InvenTrust Properties during the 4th quarter valued at $42,000. Bernard Wealth Management Corp. bought a new stake in shares of InvenTrust Properties during the 4th quarter valued at $50,000. Quarry LP bought a new stake in shares of InvenTrust Properties during the 4th quarter valued at $53,000. Finally, Jones Financial Companies Lllp lifted its position in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after acquiring an additional 1,026 shares during the period. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.3 %

IVT traded down $0.10 during midday trading on Thursday, reaching $28.91. 90,002 shares of the company were exchanged, compared to its average volume of 384,315. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties has a one year low of $23.53 and a one year high of $31.65. The stock has a market capitalization of $2.24 billion, a P/E ratio of 160.42, a PEG ratio of 3.34 and a beta of 0.96. The stock’s 50-day simple moving average is $29.51 and its 200 day simple moving average is $29.76.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Monday, March 31st. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is 527.78%.

Wall Street Analyst Weigh In

IVT has been the subject of a number of research reports. Wolfe Research initiated coverage on InvenTrust Properties in a research note on Thursday. They issued a “peer perform” rating for the company. Jefferies Financial Group upgraded InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.00.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.