Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Declines By 13.2%

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a large decline in short interest in 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. Approximately 1.2% of the company’s stock are short sold. Based on an average trading volume of 425,900 shares, the short-interest ratio is currently 2.2 days.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Principal Financial Group Inc. raised its position in shares of InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company’s stock valued at $131,446,000 after acquiring an additional 245,343 shares in the last quarter. Millennium Management LLC grew its stake in InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company’s stock worth $74,039,000 after buying an additional 839,541 shares during the last quarter. Geode Capital Management LLC grew its stake in InvenTrust Properties by 6.6% during the 4th quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company’s stock worth $58,366,000 after buying an additional 120,014 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company’s stock worth $38,507,000 after buying an additional 98,366 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in InvenTrust Properties by 35.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after buying an additional 315,380 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Down 1.3 %

Shares of IVT traded down $0.38 during trading on Wednesday, reaching $28.55. The company’s stock had a trading volume of 22,482 shares, compared to its average volume of 425,692. The company has a fifty day moving average of $29.52 and a two-hundred day moving average of $29.76. InvenTrust Properties has a twelve month low of $23.53 and a twelve month high of $31.65. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 158.58, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts predict that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.33%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties’s dividend payout ratio is presently 500.00%.

Analysts Set New Price Targets

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

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.