Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Expands By 11.9%

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a large growth in short interest during the month of October. As of October 31st, there was short interest totalling 891,300 shares, a growth of 11.9% from the October 15th total of 796,600 shares. Based on an average daily volume of 478,900 shares, the short-interest ratio is currently 1.9 days. Approximately 1.2% of the company’s shares are short sold.

Hedge Funds Weigh In On InvenTrust Properties

Large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of InvenTrust Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after purchasing an additional 91,579 shares during the period. International Assets Investment Management LLC raised its holdings in InvenTrust Properties by 1,823.0% in the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after acquiring an additional 248,050 shares during the period. Harbor Capital Advisors Inc. raised its holdings in InvenTrust Properties by 108.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock valued at $1,179,000 after acquiring an additional 24,791 shares during the period. Vanderbilt University bought a new position in InvenTrust Properties in the 3rd quarter valued at about $742,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after acquiring an additional 681 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Trading Up 1.2 %

Shares of IVT stock traded up $0.36 on Monday, hitting $30.52. The stock had a trading volume of 252,343 shares, compared to its average volume of 377,917. InvenTrust Properties has a twelve month low of $23.53 and a twelve month high of $31.37. The firm has a market cap of $2.35 billion, a P/E ratio of 336.44, a PEG ratio of 3.63 and a beta of 0.97. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The company has a fifty day moving average price of $29.51 and a two-hundred day moving average price of $27.30.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The company had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period in the previous year, the firm posted $0.41 earnings per share. As a group, analysts forecast that InvenTrust Properties will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 2.96%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s payout ratio is presently 1,000.00%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on IVT. Wells Fargo & Company boosted their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. Compass Point boosted their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd.

About InvenTrust Properties

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.