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

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

InvenTrust Properties Price Performance

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 stock has a 50-day moving average price of $30.06 and a 200-day moving average price of $29.36. The firm has a market cap of $2.29 billion, a PE ratio of 330.50, a P/E/G ratio of 3.30 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59.

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 paid a $0.2263 dividend. 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%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s payout ratio is currently 1,011.22%.

Wall Street Analyst Weigh In

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

Institutional Trading of InvenTrust Properties

Institutional investors have recently made changes to their positions in the stock. Farmers & Merchants Investments Inc. bought a new stake in shares of InvenTrust Properties during the 3rd quarter valued at about $27,000. Creekmur Asset Management LLC increased its holdings in InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock worth $46,000 after acquiring an additional 795 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after buying an additional 681 shares during the period. Vestcor Inc bought a new position in shares of InvenTrust Properties in the third quarter worth about $104,000. Finally, US Bancorp DE lifted its holdings in shares of InvenTrust Properties by 39.8% in the third quarter. US Bancorp DE now owns 3,810 shares of the company’s stock worth $108,000 after buying an additional 1,085 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

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.