InvenTrust Properties Corp. (NYSE:IVT) Sees Significant Decrease in Short Interest

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a significant decline in short interest in 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 company’s shares are sold short. Based on an average daily trading volume, of 412,800 shares, the short-interest ratio is presently 2.6 days.

InvenTrust Properties Trading Down 0.8 %

IVT stock traded down $0.23 during midday trading on Tuesday, reaching $29.71. 463,616 shares of the company’s stock traded hands, compared to its average volume of 379,223. The company has a market capitalization of $2.30 billion, a P/E ratio of 165.03, a PEG ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The business has a 50-day moving average price of $29.69 and a two-hundred day moving average price of $29.73.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Equities research analysts forecast that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a dividend of $0.2263 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date was Monday, December 30th. InvenTrust Properties’s payout ratio is presently 500.00%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its position in shares of InvenTrust Properties by 6.8% during the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after purchasing an additional 35,428 shares in the last quarter. Barclays PLC increased its stake in shares of InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after buying an additional 80,728 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of InvenTrust Properties in the third quarter worth $1,980,000. Entropy Technologies LP bought a new stake in shares of InvenTrust Properties in the fourth quarter worth $536,000. Finally, FMR LLC increased its stake in shares of InvenTrust Properties by 22,456.4% in the third quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after buying an additional 578,028 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and lifted their price target for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd.

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.