Log Out

Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Decreases By 14.1%

Defense World · Jan 29, 2023 03:01

InvenTrust Properties Corp. (NYSE:IVT – Get Rating) was the recipient of a large decline in short interest during the month of January. As of January 15th, there was short interest totalling 996,400 shares, a decline of 14.1% from the December 31st total of 1,160,000 shares. Currently, 1.5% of the shares of the company are short sold. Based on an average trading volume of 204,000 shares, the short-interest ratio is currently 4.9 days.

Analyst Ratings Changes

Separately, TheStreet downgraded shares of InvenTrust Properties from a "c-" rating to a "d" rating in a report on Tuesday, November 1st.

Get InvenTrust Properties alerts:

Institutional Trading of InvenTrust Properties

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Fifth Third Bancorp bought a new stake in InvenTrust Properties in the fourth quarter valued at about $57,000. Koshinski Asset Management Inc. boosted its position in InvenTrust Properties by 2.0% in the fourth quarter. Koshinski Asset Management Inc. now owns 59,979 shares of the company's stock valued at $1,420,000 after buying an additional 1,152 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of InvenTrust Properties by 500.0% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 29,196 shares of the company's stock worth $691,000 after purchasing an additional 24,330 shares in the last quarter. Intrua Financial LLC lifted its position in shares of InvenTrust Properties by 14.5% during the fourth quarter. Intrua Financial LLC now owns 13,770 shares of the company's stock worth $332,000 after purchasing an additional 1,744 shares in the last quarter. Finally, Calton & Associates Inc. lifted its position in shares of InvenTrust Properties by 123.2% during the fourth quarter. Calton & Associates Inc. now owns 28,462 shares of the company's stock worth $674,000 after purchasing an additional 15,713 shares in the last quarter. Institutional investors own 51.76% of the company's stock.

InvenTrust Properties Stock Performance

NYSE:IVT opened at $24.80 on Friday. The firm's 50-day moving average is $24.13 and its 200-day moving average is $25.02. InvenTrust Properties has a 52-week low of $20.82 and a 52-week high of $32.93. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.26 and a current ratio of 4.26. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 40.66, a PEG ratio of 1.49 and a beta of 1.51.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Thursday, December 29th were paid a $0.2052 dividend. The ex-dividend date of this dividend was Wednesday, December 28th. This represents a $0.82 dividend on an annualized basis and a yield of 3.31%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.21. InvenTrust Properties's payout ratio is presently 134.43%.

InvenTrust Properties Company Profile

(Get Rating)

InvenTrust Properties Corp. engages in the ownership, management, acquisition and development of multi-tenant retail platform. Its retail properties includes grocery-anchored community, neighborhood centers and necessity-based power centers. The company was founded on October 4, 2004 and is headquartered in Downers Grove, IL.