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

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,040,000 shares, a drop of 5.5% from the August 15th total of 1,100,000 shares. Approximately 1.5% of the shares of the company are short sold. Based on an average daily volume of 337,400 shares, the days-to-cover ratio is presently 3.1 days.

InvenTrust Properties Stock Up 0.2 %

Shares of IVT stock opened at $29.85 on Wednesday. The stock has a 50 day moving average of $27.96 and a 200 day moving average of $25.90. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The stock has a market cap of $2.03 billion, a P/E ratio of 298.50, a P/E/G ratio of 4.68 and a beta of 0.99. InvenTrust Properties has a twelve month low of $22.61 and a twelve month high of $30.20.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on IVT shares. Wells Fargo & Company raised their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. 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 note on Tuesday, September 10th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Quest Partners LLC purchased a new position in InvenTrust Properties during the fourth quarter valued at approximately $1,014,000. Susquehanna Fundamental Investments LLC purchased a new position in InvenTrust Properties during the first quarter valued at approximately $737,000. Makena Capital Management LLC purchased a new position in InvenTrust Properties during the fourth quarter valued at approximately $6,427,000. Vanguard Group Inc. raised its position in InvenTrust Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after acquiring an additional 91,579 shares in the last quarter. Finally, Harbor Capital Advisors Inc. raised its position in InvenTrust Properties by 108.6% during the second quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock valued at $1,179,000 after acquiring an additional 24,791 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

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.