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

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) saw a large drop in short interest during the month of October. As of October 15th, there was short interest totalling 796,600 shares, a drop of 36.3% from the September 30th total of 1,250,000 shares. Based on an average daily volume of 457,100 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the shares of the company are sold short.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock traded down $0.26 during trading on Friday, reaching $29.20. The company's stock had a trading volume of 259,718 shares, compared to its average volume of 579,400. The business has a 50 day moving average price of $29.15 and a 200-day moving average price of $26.74. InvenTrust Properties has a 12-month low of $23.53 and a 12-month high of $30.33. The company has a market capitalization of $1.98 billion, a P/E ratio of 324.48, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.10%. InvenTrust Properties's dividend payout ratio (DPR) is presently 1,011.22%.

Institutional Trading of InvenTrust Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Creekmur Asset Management LLC boosted its position in InvenTrust Properties by 96.7% during the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock worth $46,000 after purchasing an additional 795 shares in the last quarter. Farmers & Merchants Investments Inc. acquired a new position in shares of InvenTrust Properties during the 3rd quarter worth $27,000. abrdn plc boosted its position in shares of InvenTrust Properties by 12.7% in the 3rd quarter. abrdn plc now owns 13,987 shares of the company's stock worth $397,000 after buying an additional 1,580 shares in the last quarter. Vanderbilt University acquired a new stake in InvenTrust Properties in the 3rd quarter valued at about $742,000. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in InvenTrust Properties by 34.9% during 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 in the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on IVT shares. Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and upped their price target for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company raised their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 28th. Finally, Compass Point lifted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th.

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.