InvenTrust Properties Corp. (NYSE:IVT) Sees Large Increase in Short Interest

InvenTrust Properties Corp. (NYSE:IVT) was the target of a large growth in short interest during the month of June. As of June 30th, there was short interest totaling 6,132,242 shares, a growth of 98.6% from the June 15th total of 3,087,843 shares. Approximately 7.9% of the company’s shares are short sold. Based on an average daily volume of 2,300,110 shares, the short-interest ratio is presently 2.7 days.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on IVT shares. BTIG Research reiterated a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a report on Friday, June 12th. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday. JPMorgan Chase & Co. lifted their price target on shares of InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a report on Wednesday, May 6th. Finally, Bank of America boosted their price objective on shares of InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $34.71.

Hedge Funds Weigh In On InvenTrust Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC bought a new stake in shares of InvenTrust Properties during the 1st quarter valued at $29,000. EverSource Wealth Advisors LLC grew its position in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the period. Global Retirement Partners LLC increased its stake in shares of InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after acquiring an additional 621 shares in the last quarter. Danske Bank A S increased its stake in shares of InvenTrust Properties by 220.0% in the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock worth $45,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in InvenTrust Properties during the 4th quarter valued at about $47,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 0.0%

IVT traded up $0.01 on Friday, hitting $36.72. The company had a trading volume of 580,351 shares, compared to its average volume of 694,264. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. InvenTrust Properties has a 52-week low of $26.81 and a 52-week high of $37.22. The stock has a fifty day simple moving average of $34.00 and a 200-day simple moving average of $31.75. The firm has a market capitalization of $2.86 billion, a P/E ratio of 26.04, a P/E/G ratio of 2.89 and a beta of 0.78.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The business had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, equities analysts expect that InvenTrust Properties will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 2.7%. InvenTrust Properties’s payout ratio is currently 70.92%.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.