Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Expands By 29.0%

InvenTrust Properties Corp. (NYSE:IVT) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 1,250,000 shares, a growth of 29.0% from the September 15th total of 969,100 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average trading volume of 464,800 shares, the days-to-cover ratio is currently 2.7 days.

Hedge Funds Weigh In On InvenTrust Properties

A number of institutional investors have recently modified their holdings of the stock. Hantz Financial Services Inc. purchased a new position in shares of InvenTrust Properties in the 2nd quarter valued at about $57,000. Beacon Capital Management LLC boosted its holdings in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after buying an additional 693 shares during the last quarter. EntryPoint Capital LLC boosted its holdings in InvenTrust Properties by 899.3% in the 1st quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock worth $105,000 after buying an additional 3,669 shares during the last quarter. Global Financial Private Client LLC boosted its holdings in InvenTrust Properties by 20.0% in the 2nd quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in InvenTrust Properties by 4,944.5% in the 1st quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock worth $189,000 after buying an additional 7,219 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on IVT. Compass Point raised their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. 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 research report on Thursday, October 3rd. Finally, Wells Fargo & Company raised their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

InvenTrust Properties Stock Performance

IVT stock traded up $0.29 during midday trading on Tuesday, reaching $29.37. The stock had a trading volume of 420,915 shares, compared to its average volume of 375,121. The stock has a market cap of $1.99 billion, a PE ratio of 293.70, a P/E/G ratio of 3.52 and a beta of 0.98. 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 firm has a fifty day simple moving average of $28.86 and a two-hundred day simple moving average of $26.43. InvenTrust Properties has a 52-week low of $23.53 and a 52-week high of $30.33.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.226 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.08%. InvenTrust Properties’s payout ratio is currently 900.00%.

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.