InvenTrust Properties Corp. (NYSE:IVT) Short Interest Down 27.7% in February

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a large drop in short interest in the month of February. As of February 15th, there was short interest totalling 1,070,000 shares, a drop of 27.7% from the January 31st total of 1,480,000 shares. Currently, 1.4% of the company’s stock are sold short. Based on an average trading volume of 412,800 shares, the days-to-cover ratio is presently 2.6 days.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in IVT. Bernard Wealth Management Corp. acquired a new stake in shares of InvenTrust Properties during the 4th quarter worth approximately $74,000. Ameriflex Group Inc. acquired a new stake in shares of InvenTrust Properties during the 4th quarter worth approximately $60,000. GF Fund Management CO. LTD. acquired a new stake in shares of InvenTrust Properties during the 4th quarter worth approximately $42,000. PharVision Advisers LLC acquired a new stake in shares of InvenTrust Properties during the 4th quarter worth approximately $226,000. Finally, Voloridge Investment Management LLC grew its holdings in shares of InvenTrust Properties by 62.3% during the 4th quarter. Voloridge Investment Management LLC now owns 235,376 shares of the company’s stock worth $7,092,000 after purchasing an additional 90,362 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Stock Performance

Shares of IVT stock traded up $0.13 during trading on Monday, reaching $29.91. The company had a trading volume of 82,608 shares, compared to its average volume of 398,167. The firm’s 50 day simple moving average is $29.69 and its two-hundred day simple moving average is $29.72. 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 has a one year low of $23.53 and a one year high of $31.65. The company has a market capitalization of $2.32 billion, a PE ratio of 166.50, a PEG ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 earnings per share 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%. Sell-side analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were given a $0.2263 dividend. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 3.03%. The ex-dividend date of this dividend was Monday, December 30th. InvenTrust Properties’s payout ratio is currently 500.00%.

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.