InvenTrust Properties Corp. (NYSE:IVT) Short Interest Down 27.7% in February

InvenTrust Properties Corp. (NYSE:IVT) saw 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. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily volume of 412,800 shares, the days-to-cover ratio is currently 2.6 days.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd.

InvenTrust Properties Trading Up 0.4 %

Shares of IVT stock traded up $0.13 on Monday, reaching $29.91. 82,608 shares of the stock were exchanged, compared to its average volume of 398,167. The stock has a market cap of $2.32 billion, a PE ratio of 166.50, a P/E/G ratio of 3.34 and a beta of 0.96. InvenTrust Properties has a one year low of $23.53 and a one year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The stock has a 50 day moving average price of $29.69 and a 200 day moving average price of $29.72.

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

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a yield of 3.03%. The ex-dividend date of this dividend was Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is currently 500.00%.

Institutional Investors Weigh In On InvenTrust Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FIL Ltd increased its holdings in InvenTrust Properties by 17.4% in the fourth quarter. FIL Ltd now owns 2,240 shares of the company’s stock valued at $67,000 after purchasing an additional 332 shares during the last quarter. Allworth Financial LP raised its holdings in InvenTrust Properties by 4.4% during the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company’s stock worth $258,000 after buying an additional 383 shares during the period. NewEdge Advisors LLC lifted its stake in InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock valued at $62,000 after buying an additional 465 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 buying an additional 681 shares during the period. Finally, EntryPoint Capital LLC increased its position in shares of InvenTrust Properties by 7.5% during the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company’s stock worth $296,000 after acquiring an additional 682 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

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.