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

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) was the target of a large decline in short interest during the month of February. As of February 15th, there was short interest totalling 1,070,000 shares, a decline of 27.7% from the January 31st total of 1,480,000 shares. Approximately 1.4% of the shares of the stock are short sold. Based on an average daily volume of 412,800 shares, the short-interest ratio is presently 2.6 days.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors have recently added to or reduced their stakes in IVT. FIL Ltd raised its holdings in InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after purchasing an additional 332 shares in the last quarter. Allworth Financial LP lifted its position in InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after acquiring an additional 383 shares during the last quarter. NewEdge Advisors LLC boosted its stake in InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after acquiring an additional 465 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after purchasing an additional 681 shares during the last quarter. Finally, EntryPoint Capital LLC boosted its position in shares of InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after purchasing an additional 682 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

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InvenTrust Properties Stock Down 1.0 %

Shares of IVT stock traded down $0.28 during trading on Thursday, reaching $29.41. The company's stock had a trading volume of 333,222 shares, compared to its average volume of 379,531. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 163.37, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties has a 1-year low of $23.53 and a 1-year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock's 50-day moving average price is $29.68 and its 200 day moving average price is $29.74.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) 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%. On average, research analysts anticipate that InvenTrust Properties will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a $0.2263 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.08%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio is presently 500.00%.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and increased their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

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.