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

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a significant increase in short interest during 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. Approximately 1.2% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IVT. Principal Financial Group Inc. boosted its stake in shares of InvenTrust Properties by 21.9% in the 3rd 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. FMR LLC boosted its holdings in shares of InvenTrust Properties by 22,456.4% during the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after buying an additional 578,028 shares in the last quarter. Zimmer Partners LP purchased a new stake in InvenTrust Properties in the 3rd quarter valued at $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of InvenTrust Properties by 425.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock worth $13,132,000 after acquiring an additional 374,804 shares during the period. Finally, International Assets Investment Management LLC raised its holdings in shares of InvenTrust Properties by 1,823.0% during the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after buying an additional 248,050 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

InvenTrust Properties Trading Up 1.2 %

InvenTrust Properties stock traded up $0.36 during trading hours on Monday, hitting $30.52. The stock had a trading volume of 252,343 shares, compared to its average volume of 377,917. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a one year low of $23.53 and a one year high of $31.37. The business’s 50 day simple moving average is $29.51 and its 200-day simple moving average is $27.30. The stock has a market cap of $2.35 billion, a price-to-earnings ratio of 339.11, a P/E/G ratio of 3.63 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business had revenue of $68.52 million during the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same quarter last year, the firm earned $0.41 EPS. On average, equities analysts predict that InvenTrust Properties will post 1.72 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

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

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.