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

InvenTrust Properties Corp. (NYSE:IVT) saw a significant decrease in short interest in March. As of March 31st, there was short interest totalling 1,510,000 shares, a decrease of 13.2% from the March 15th total of 1,740,000 shares. Approximately 2.2% of the shares of the stock are short sold. Based on an average daily volume of 340,600 shares, the days-to-cover ratio is currently 4.4 days.

Hedge Funds Weigh In On InvenTrust Properties

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. purchased a new position in shares of InvenTrust Properties in the first quarter valued at approximately $3,915,000. Raymond James & Associates purchased a new position in shares of InvenTrust Properties in the first quarter valued at approximately $274,000. Bank of New York Mellon Corp purchased a new position in shares of InvenTrust Properties in the first quarter valued at approximately $1,310,000. US Bancorp DE purchased a new position in shares of InvenTrust Properties in the first quarter valued at approximately $48,000. Finally, Private Advisor Group LLC purchased a new position in shares of InvenTrust Properties in the first quarter valued at approximately $271,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT stock traded up $0.03 during mid-day trading on Tuesday, reaching $24.08. 331,013 shares of the company’s stock were exchanged, compared to its average volume of 339,071. The company has a market cap of $1.63 billion, a price-to-earnings ratio of 300.91, a price-to-earnings-growth ratio of 4.12 and a beta of 1.04. The stock’s 50 day moving average is $25.01 and its 200 day moving average is $25.01. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.28 and a quick ratio of 2.28. InvenTrust Properties has a 12-month low of $20.76 and a 12-month high of $27.25.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Sunday, March 31st were given a dividend of $0.226 per share. The ex-dividend date was Wednesday, March 27th. This represents a $0.90 dividend on an annualized basis and a yield of 3.75%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.22. InvenTrust Properties’s dividend payout ratio is currently 1,125.14%.

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.