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

InvenTrust Properties Corp. (NYSE:IVT) was the target of a large decrease in short interest in the month of February. As of February 28th, there was short interest totalling 928,600 shares, a decrease of 13.2% from the February 13th total of 1,070,000 shares. Based on an average daily volume of 425,900 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.2% of the shares of the stock are sold short.

Hedge Funds Weigh In On InvenTrust Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in IVT. JPMorgan Chase & Co. boosted its position in InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after acquiring an additional 35,428 shares in the last quarter. Barclays PLC raised its stake in shares of InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after purchasing an additional 80,728 shares during the last quarter. Thrivent Financial for Lutherans purchased a new stake in InvenTrust Properties in the third quarter valued at approximately $1,980,000. Entropy Technologies LP purchased a new position in InvenTrust Properties during the 4th quarter worth approximately $536,000. Finally, Rhumbline Advisers lifted its stake in InvenTrust Properties by 11.2% during the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock valued at $4,092,000 after acquiring an additional 13,722 shares during the period. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 0.0 %

IVT stock opened at $29.02 on Friday. 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 has a twelve month low of $23.53 and a twelve month high of $31.65. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 161.21, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The firm’s fifty day simple moving average is $29.50 and its two-hundred day simple moving average is $29.75.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data 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%. As a group, analysts anticipate that InvenTrust Properties will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a $0.2376 dividend. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.28%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is 527.78%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd. Wolfe Research assumed coverage on shares of InvenTrust Properties in a report on Thursday. They issued a “peer perform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $32.00.

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.