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

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

Hedge Funds Weigh In On InvenTrust Properties

Large investors have recently bought and sold shares of the stock. Quadrature Capital Ltd purchased a new position in InvenTrust Properties in the fourth quarter valued at about $337,000. HighPoint Advisor Group LLC purchased a new stake in shares of InvenTrust Properties during the 4th quarter valued at about $1,142,000. Principal Financial Group Inc. raised its holdings in shares of InvenTrust Properties by 17.0% during the 1st quarter. Principal Financial Group Inc. now owns 2,672,075 shares of the company’s stock valued at $68,699,000 after buying an additional 387,397 shares during the period. Commonwealth Equity Services LLC raised its holdings in shares of InvenTrust Properties by 8.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 231,300 shares of the company’s stock valued at $5,947,000 after buying an additional 17,091 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of InvenTrust Properties by 6.6% during the 1st quarter. Daiwa Securities Group Inc. now owns 21,958 shares of the company’s stock valued at $565,000 after buying an additional 1,368 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 1.0 %

Shares of InvenTrust Properties stock traded up $0.29 during trading hours on Tuesday, reaching $29.37. 420,915 shares of the company were exchanged, compared to its average volume of 375,121. InvenTrust Properties has a 1 year low of $23.53 and a 1 year high of $30.33. The stock’s fifty day moving average is $28.86 and its 200 day moving average is $26.43. 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 market cap of $1.99 billion, a PE ratio of 293.70, a PEG ratio of 3.52 and a beta of 0.98.

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 $0.226 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $0.90 annualized dividend and a yield of 3.08%. InvenTrust Properties’s dividend payout ratio is presently 900.00%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on IVT shares. Wells Fargo & Company upped their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Compass Point upped their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Finally, Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

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.