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

InvenTrust Properties Corp. (NYSE:IVT) saw a significant drop in short interest in August. As of August 31st, there was short interest totalling 1,040,000 shares, a drop of 5.5% from the August 15th total of 1,100,000 shares. Currently, 1.5% of the company’s stock are sold short. Based on an average daily volume of 337,400 shares, the days-to-cover ratio is presently 3.1 days.

Analyst Upgrades and Downgrades

IVT has been the topic of a number of recent research reports. Wells Fargo & Company raised their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Compass Point raised their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors have recently added to or reduced their stakes in IVT. Principal Securities Inc. acquired a new stake in InvenTrust Properties in the fourth quarter worth about $28,000. Hantz Financial Services Inc. acquired a new stake in InvenTrust Properties in the second quarter worth about $57,000. Beacon Capital Management LLC boosted its holdings in InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after acquiring an additional 693 shares in the last quarter. EntryPoint Capital LLC boosted its holdings in InvenTrust Properties by 899.3% in the first quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock worth $105,000 after acquiring an additional 3,669 shares in the last quarter. Finally, Global Financial Private Client LLC raised its stake in shares of InvenTrust Properties by 20.0% in the second quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock worth $148,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $29.85 on Wednesday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.24. The company has a market cap of $2.03 billion, a PE ratio of 298.50, a P/E/G ratio of 4.68 and a beta of 0.99. The business has a 50-day simple moving average of $27.96 and a two-hundred day simple moving average of $25.90. InvenTrust Properties has a fifty-two week low of $22.61 and a fifty-two week high of $30.20.

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.