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

InvenTrust Properties Corp. (NYSE:IVT) saw a significant decline in short interest in the month of February. As of February 28th, there was short interest totalling 928,600 shares, a decline 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 trading volume of 425,900 shares, the days-to-cover ratio is presently 2.2 days.

Hedge Funds Weigh In On InvenTrust Properties

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IVT. California State Teachers Retirement System boosted its position in shares of InvenTrust Properties by 12.3% in the fourth quarter. California State Teachers Retirement System now owns 72,142 shares of the company’s stock valued at $2,174,000 after acquiring an additional 7,908 shares during the period. Bernard Wealth Management Corp. bought a new position in InvenTrust Properties in the fourth quarter worth $74,000. Ameriflex Group Inc. bought a new position in InvenTrust Properties in the fourth quarter worth $60,000. GF Fund Management CO. LTD. bought a new position in InvenTrust Properties in the fourth quarter worth $42,000. Finally, PharVision Advisers LLC bought a new position in InvenTrust Properties in the fourth quarter worth $226,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

IVT has been the subject of several research analyst reports. Wolfe Research initiated coverage on shares of InvenTrust Properties in a report on Thursday. They issued a “peer perform” rating for the company. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and upped their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $32.00.

InvenTrust Properties Stock Down 0.3 %

NYSE:IVT traded down $0.10 during mid-day trading on Thursday, reaching $28.91. The stock had a trading volume of 90,002 shares, compared to its average volume of 384,315. The business’s 50 day moving average is $29.51 and its 200 day moving average is $29.76. InvenTrust Properties has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The stock has a market cap of $2.24 billion, a P/E ratio of 160.42, a PEG ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS 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%. As a group, sell-side analysts predict that InvenTrust Properties will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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 yield of 3.29%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is 527.78%.

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.