InvenTrust Properties Corp. (NYSE:IVT) Sees Significant Increase in Short Interest

InvenTrust Properties Corp. (NYSE:IVT) was the target of a significant increase in short interest in June. As of June 15th, there was short interest totalling 1,530,000 shares, an increase of 6.3% from the May 31st total of 1,440,000 shares. Based on an average trading volume of 331,500 shares, the short-interest ratio is presently 4.6 days. Currently, 2.3% of the company’s stock are short sold.

Hedge Funds Weigh In On InvenTrust Properties

Several institutional investors have recently modified their holdings of the business. Cetera Advisors LLC grew its stake in shares of InvenTrust Properties by 14.3% in the first quarter. Cetera Advisors LLC now owns 23,429 shares of the company’s stock worth $602,000 after acquiring an additional 2,933 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of InvenTrust Properties in the first quarter worth $362,000. Public Employees Retirement System of Ohio acquired a new position in shares of InvenTrust Properties in the first quarter worth $284,000. Price T Rowe Associates Inc. MD lifted its position in shares of InvenTrust Properties by 12.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,622 shares of the company’s stock worth $891,000 after purchasing an additional 3,777 shares during the last quarter. Finally, EntryPoint Capital LLC lifted its position in shares of InvenTrust Properties by 899.3% during the 1st quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock worth $105,000 after purchasing an additional 3,669 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

NYSE:IVT opened at $24.41 on Thursday. The company has a fifty day simple moving average of $24.76 and a two-hundred day simple moving average of $25.01. The company has a market cap of $1.66 billion, a price-to-earnings ratio of 244.10, a price-to-earnings-growth ratio of 4.17 and a beta of 0.98. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.53. InvenTrust Properties has a 52 week low of $22.61 and a 52 week high of $27.25.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Sunday, June 30th will be paid a $0.226 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.90 annualized dividend and a dividend yield of 3.70%. InvenTrust Properties’s dividend payout ratio (DPR) is 910.00%.

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.