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

InvenTrust Properties Corp. (NYSE:IVT) saw a significant decrease in short interest in 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. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 425,900 shares, the days-to-cover ratio is presently 2.2 days.

Institutional Investors Weigh In On InvenTrust Properties

Several hedge funds have recently modified their holdings of the stock. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties in the 4th quarter worth about $27,000. GF Fund Management CO. LTD. acquired a new position in shares of InvenTrust Properties during the 4th quarter valued at about $42,000. Bernard Wealth Management Corp. acquired a new stake in InvenTrust Properties in the 4th quarter valued at approximately $50,000. Quarry LP acquired a new stake in InvenTrust Properties in the 4th quarter valued at approximately $53,000. Finally, Jones Financial Companies Lllp grew its holdings in 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 buying an additional 1,026 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

Shares of NYSE:IVT traded down $0.38 on Wednesday, hitting $28.55. The company’s stock had a trading volume of 22,482 shares, compared to its average volume of 425,692. 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 company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 158.58, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The stock’s 50-day moving average is $29.52 and its two-hundred day moving average is $29.76. InvenTrust Properties has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast that InvenTrust Properties will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.33%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio is currently 500.00%.

Analyst Ratings Changes

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $34.00 in a research note 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.