Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Decreases By 13.2%

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Wolfe Research initiated coverage on shares of InvenTrust Properties in a research note on Thursday. They issued a "peer perform" rating for the company. Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and raised their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, InvenTrust Properties presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

InvenTrust Properties Price Performance

Shares of NYSE IVT traded down $0.38 during trading on Friday, reaching $28.59. The company had a trading volume of 738,266 shares, compared to its average volume of 386,069. InvenTrust Properties has a 52 week low of $23.53 and a 52 week high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The business's 50 day moving average price is $29.50 and its 200-day moving average price is $29.75. The stock has a market cap of $2.21 billion, a PE ratio of 158.81, a PEG ratio of 3.34 and a beta of 0.96.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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%. Analysts expect that InvenTrust Properties will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.32%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Millstone Evans Group LLC bought a new stake in shares of InvenTrust Properties during the fourth quarter worth approximately $27,000. GF Fund Management CO. LTD. acquired a new stake in InvenTrust Properties during the 4th quarter worth $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 acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at $53,000. Finally, Jones Financial Companies Lllp lifted its stake in shares of InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after purchasing an additional 1,026 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

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.