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

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totalling 796,600 shares, a drop of 36.3% from the September 30th total of 1,250,000 shares. Based on an average daily volume of 457,100 shares, the days-to-cover ratio is currently 1.7 days. Approximately 1.0% of the company’s shares are sold short.

Institutional Investors Weigh In On InvenTrust Properties

Several large investors have recently modified their holdings of IVT. Creekmur Asset Management LLC grew its holdings in InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after acquiring an additional 795 shares during the period. Farmers & Merchants Investments Inc. acquired a new stake in InvenTrust Properties during the third quarter worth approximately $27,000. abrdn plc increased its holdings in InvenTrust Properties by 12.7% in the third quarter. abrdn plc now owns 13,987 shares of the company’s stock worth $397,000 after purchasing an additional 1,580 shares in the last quarter. Vanderbilt University acquired a new position in InvenTrust Properties in the third quarter valued at approximately $742,000. Finally, Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after buying an additional 681 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $29.20 on Friday. The stock’s 50 day moving average is $29.15 and its 200 day moving average is $26.72. InvenTrust Properties has a one year low of $23.53 and a one year high of $30.33. The firm has a market cap of $1.98 billion, a P/E ratio of 324.48, a P/E/G ratio of 3.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.24.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.10%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,011.22%.

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.