Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Declines By 6.8%

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 969,100 shares, a decrease of 6.8% from the August 31st total of 1,040,000 shares. Based on an average daily volume of 340,300 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.4% of the shares of the company are sold short.

InvenTrust Properties Trading Down 0.1 %

Shares of NYSE IVT traded down $0.04 during midday trading on Tuesday, hitting $28.33. The stock had a trading volume of 113,269 shares, compared to its average volume of 366,628. The company’s 50-day simple moving average is $28.44 and its 200 day simple moving average is $26.12. The firm has a market cap of $1.92 billion, a P/E ratio of 283.70, a price-to-earnings-growth ratio of 4.83 and a beta of 0.99. InvenTrust Properties has a fifty-two week low of $22.61 and a fifty-two week high of $30.33. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.24.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.226 dividend. The ex-dividend date is Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.19%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 900.00%.

Institutional Investors Weigh In On InvenTrust Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of InvenTrust Properties during the first quarter worth $737,000. Vanguard Group Inc. lifted its holdings in InvenTrust Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after acquiring an additional 91,579 shares in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in InvenTrust Properties by 108.6% during the second quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock worth $1,179,000 after acquiring an additional 24,791 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in InvenTrust Properties by 8.6% during the second quarter. Bank of New York Mellon Corp now owns 327,598 shares of the company’s stock worth $8,111,000 after acquiring an additional 25,918 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in InvenTrust Properties by 9.2% during the fourth quarter. Hsbc Holdings PLC now owns 47,831 shares of the company’s stock worth $1,214,000 after acquiring an additional 4,049 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have commented on IVT. 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 report 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 report on Tuesday, September 10th.

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.