InvenTrust Properties Corp. (NYSE:IVT – Get Rating) saw a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 1,110,000 shares, a decrease of 5.9% from the November 30th total of 1,180,000 shares. Based on an average daily trading volume, of 228,600 shares, the short-interest ratio is currently 4.9 days. Currently, 1.7% of the company's stock are short sold.
Analyst Upgrades and Downgrades
IVT has been the subject of several recent analyst reports. TheStreet downgraded shares of InvenTrust Properties from a "c-" rating to a "d" rating in a research note on Tuesday, November 1st. Bank of America initiated coverage on shares of InvenTrust Properties in a research note on Thursday, September 29th. They issued a "neutral" rating and a $26.00 target price for the company.
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Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Merit Financial Group LLC bought a new position in InvenTrust Properties in the 2nd quarter valued at about $959,000. Claraphi Advisory Network LLC raised its holdings in InvenTrust Properties by 11.7% in the 2nd quarter. Claraphi Advisory Network LLC now owns 10,946 shares of the company's stock valued at $282,000 after acquiring an additional 1,146 shares during the period. Chilton Capital Management LLC increased its holdings in shares of InvenTrust Properties by 5.9% during the second quarter. Chilton Capital Management LLC now owns 492,268 shares of the company's stock worth $12,781,000 after purchasing an additional 27,590 shares during the period. Arkadios Wealth Advisors increased its holdings in shares of InvenTrust Properties by 8.0% during the third quarter. Arkadios Wealth Advisors now owns 10,018 shares of the company's stock worth $214,000 after purchasing an additional 741 shares during the period. Finally, Ronald Blue Trust Inc. bought a new position in shares of InvenTrust Properties during the second quarter worth approximately $219,000. 51.76% of the stock is owned by institutional investors.
InvenTrust Properties Trading Down 2.5 %
Shares of NYSE:IVT opened at $23.08 on Wednesday. InvenTrust Properties has a 52-week low of $20.82 and a 52-week high of $32.93. The company has a market capitalization of $1.56 billion, a P/E ratio of 37.84, a price-to-earnings-growth ratio of 1.43 and a beta of 1.50. The company has a 50-day simple moving average of $24.35 and a 200 day simple moving average of $25.26. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.26 and a current ratio of 4.26.
InvenTrust Properties Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Thursday, December 29th will be issued a $0.2052 dividend. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.21. This represents a $0.82 annualized dividend and a yield of 3.56%. The ex-dividend date of this dividend is Wednesday, December 28th. InvenTrust Properties's dividend payout ratio is currently 134.43%.
InvenTrust Properties Company Profile
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InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.
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