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

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a significant increase in short interest in the month of 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. Based on an average daily trading volume, of 478,900 shares, the short-interest ratio is currently 1.9 days. Currently, 1.2% of the company’s stock are short sold.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on IVT. Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company upped their target price on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Compass Point increased their target price on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th.

InvenTrust Properties Price Performance

InvenTrust Properties stock traded up $0.36 during mid-day trading on Monday, hitting $30.52. 252,343 shares of the company were exchanged, compared to its average volume of 377,917. The company has a market capitalization of $2.35 billion, a P/E ratio of 336.44, a PEG ratio of 3.63 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. InvenTrust Properties has a 12-month low of $23.53 and a 12-month high of $31.37. The business’s 50 day simple moving average is $29.51 and its two-hundred day simple moving average is $27.30.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million for the quarter. During the same period in the previous year, the business posted $0.41 earnings per share. Analysts forecast that InvenTrust Properties will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a dividend of $0.226 per share. 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 Investors Weigh In On InvenTrust Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of InvenTrust Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after buying an additional 91,579 shares during the period. International Assets Investment Management LLC grew its position in InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock worth $7,423,000 after buying an additional 248,050 shares in the last quarter. Harbor Capital Advisors Inc. boosted its holdings in InvenTrust Properties by 108.6% during the second quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock valued at $1,179,000 after purchasing an additional 24,791 shares in the last quarter. Vanderbilt University acquired a new stake in InvenTrust Properties during the third quarter valued at approximately $742,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of InvenTrust Properties by 34.9% in the third 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 during the last quarter. 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.