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

InvenTrust Properties Corp. (NYSE:IVT) was the target of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 1,480,000 shares, a growth of 14.7% from the December 31st total of 1,290,000 shares. Based on an average daily trading volume, of 419,700 shares, the days-to-cover ratio is presently 3.5 days. Approximately 1.9% of the shares of the company are sold short.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors have recently modified their holdings of IVT. Principal Financial Group Inc. grew its position in shares of InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after buying an additional 738,784 shares during the period. FMR LLC grew its holdings in InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company’s stock valued at $16,472,000 after purchasing an additional 578,028 shares during the period. Zimmer Partners LP acquired a new position in InvenTrust Properties during the third quarter valued at approximately $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in InvenTrust Properties by 425.6% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company’s stock valued at $13,132,000 after purchasing an additional 374,804 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in InvenTrust Properties by 1,823.0% during the third quarter. International Assets Investment Management LLC now owns 261,657 shares of the company’s stock valued at $7,423,000 after purchasing an additional 248,050 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 1.1 %

IVT opened at $29.74 on Monday. InvenTrust Properties has a 1-year low of $23.53 and a 1-year high of $31.65. The firm has a 50-day moving average price of $30.06 and a two-hundred day moving average price of $29.36. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.29 billion, a PE ratio of 330.50, a PEG ratio of 3.30 and a beta of 0.97.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a dividend of $0.2263 per share. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 30th. This represents a $0.91 annualized dividend and a dividend yield of 3.04%. InvenTrust Properties’s payout ratio is currently 1,011.22%.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $34.00 in a 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.