Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Grows By 11.9%

InvenTrust Properties Corp. (NYSE:IVT) saw a large 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 trading volume of 478,900 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.2% of the shares of the company are short sold.

Institutional Investors Weigh In On InvenTrust Properties

A number of hedge funds have recently bought and sold shares of IVT. Vanguard Group Inc. lifted its position in InvenTrust Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after acquiring an additional 91,579 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock valued at $116,808,000 after purchasing an additional 738,784 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of InvenTrust Properties by 5.4% in the third quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company’s stock worth $51,550,000 after purchasing an additional 92,367 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in InvenTrust Properties by 17.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after purchasing an additional 175,838 shares during the last quarter. Finally, Millennium Management LLC increased its position in InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after purchasing an additional 122,248 shares during the period. 61.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on IVT shares. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd. Wells Fargo & Company increased their price objective on shares of 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 raised their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th.

InvenTrust Properties Price Performance

Shares of IVT traded up $0.36 during mid-day trading on Monday, hitting $30.52. 252,343 shares of the stock were exchanged, compared to its average volume of 377,917. InvenTrust Properties has a 52-week low of $23.53 and a 52-week high of $31.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a 50-day moving average of $29.51 and a two-hundred day moving average of $27.30. The company has a market cap of $2.35 billion, a PE ratio of 339.11, a price-to-earnings-growth ratio of 3.63 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, October 29th. The company reported ($0.01) 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 business had revenue of $68.52 million during the quarter. During the same quarter in the prior year, the company earned $0.41 EPS. On average, equities analysts predict that InvenTrust Properties will post 1.72 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 2.96%. InvenTrust Properties’s payout ratio is 1,000.00%.

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.