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

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

Wall Street Analyst Weigh In

IVT has been the topic of a number of recent analyst reports. Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Compass Point boosted their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company boosted their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th.

InvenTrust Properties Stock Performance

Shares of NYSE:IVT traded up $0.36 during trading on Monday, reaching $30.52. 252,343 shares of the company’s stock traded hands, compared to its average volume of 377,917. InvenTrust Properties has a 12 month low of $23.53 and a 12 month high of $31.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The stock has a market capitalization of $2.35 billion, a P/E ratio of 336.44, a price-to-earnings-growth ratio of 3.63 and a beta of 0.97. The company has a 50 day moving average of $29.51 and a 200-day moving average of $27.30.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The firm had revenue of $68.52 million during the quarter. During the same period last year, the business posted $0.41 EPS. On average, equities analysts expect that InvenTrust Properties will post 1.72 EPS for the current year.

InvenTrust Properties Dividend Announcement

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. acquired a new stake in InvenTrust Properties during the third quarter valued at approximately $27,000. Creekmur Asset Management LLC lifted its stake in InvenTrust Properties by 96.7% during the third quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after purchasing an additional 795 shares during the last quarter. Hantz Financial Services Inc. acquired a new stake in InvenTrust Properties during the second quarter valued at approximately $57,000. Mirae Asset Global Investments Co. Ltd. boosted its stake 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 worth $75,000 after purchasing an additional 681 shares during the period. Finally, Beacon Capital Management LLC boosted its stake in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after purchasing an additional 693 shares during the period. 61.70% of the stock is currently owned by institutional investors.

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.