Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Grows By 22.3%

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 1,824,114 shares, a growth of 22.3% from the November 30th total of 1,490,953 shares. Based on an average daily volume of 537,881 shares, the short-interest ratio is presently 3.4 days. Currently, 2.4% of the shares of the stock are sold short. Currently, 2.4% of the shares of the stock are sold short. Based on an average daily volume of 537,881 shares, the short-interest ratio is presently 3.4 days.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IVT. American Century Companies Inc. boosted its position in InvenTrust Properties by 6.1% in the 1st quarter. American Century Companies Inc. now owns 24,399 shares of the company’s stock valued at $717,000 after buying an additional 1,408 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in InvenTrust Properties by 6.1% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company’s stock valued at $260,000 after acquiring an additional 506 shares during the last quarter. Comerica Bank increased its position in InvenTrust Properties by 80.5% in the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock worth $66,000 after purchasing an additional 1,001 shares during the period. Panagora Asset Management Inc. bought a new stake in InvenTrust Properties during the 1st quarter worth about $2,870,000. Finally, Dark Forest Capital Management LP lifted its position in InvenTrust Properties by 537.3% during the 1st quarter. Dark Forest Capital Management LP now owns 120,795 shares of the company’s stock valued at $3,548,000 after purchasing an additional 101,842 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $28.20 on Friday. The business’s fifty day moving average is $28.26 and its two-hundred day moving average is $28.22. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $2.19 billion, a P/E ratio of 18.43, a P/E/G ratio of 3.08 and a beta of 0.85. InvenTrust Properties has a 52 week low of $25.21 and a 52 week high of $31.04.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, October 28th. The company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.37). The business had revenue of $74.47 million during the quarter, compared to analyst estimates of $73.57 million. InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. Equities research analysts forecast that InvenTrust Properties will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th will be given a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 30th. InvenTrust Properties’s dividend payout ratio is presently 62.09%.

Analysts Set New Price Targets

Several research firms have recently weighed in on IVT. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday. JPMorgan Chase & Co. started coverage on InvenTrust Properties in a research report on Friday, October 17th. They issued a “neutral” rating and a $30.00 price target on the stock. Jefferies Financial Group reissued a “buy” rating and set a $33.00 price objective (up from $32.00) on shares of InvenTrust Properties in a report on Monday, December 15th. Wells Fargo & Company started coverage on shares of InvenTrust Properties in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 target price on the stock. Finally, Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, InvenTrust Properties has a consensus rating of “Moderate Buy” and a consensus target price of $31.60.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.