InvenTrust Properties Corp. (NYSE:IVT) Short Interest Up 22.3% in December

by · The Markets Daily

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

InvenTrust Properties Trading Up 0.0%

Shares of IVT stock traded up $0.01 during mid-day trading on Thursday, reaching $28.20. 445,798 shares of the stock traded hands, compared to its average volume of 471,967. The stock’s fifty day simple moving average is $28.27 and its two-hundred day simple moving average is $28.22. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.42. InvenTrust Properties has a 1-year low of $25.21 and a 1-year high of $31.04. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 18.43, a price-to-earnings-growth ratio of 3.08 and a beta of 0.85.

InvenTrust Properties (NYSE:IVTGet Free Report) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.37). The company had revenue of $74.47 million during the quarter, compared to the consensus estimate 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. On average, research analysts anticipate that InvenTrust Properties will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

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

Institutional Trading of InvenTrust Properties

Several large investors have recently bought and sold shares of the company. American Century Companies Inc. lifted its position in InvenTrust Properties by 6.1% during the first quarter. American Century Companies Inc. now owns 24,399 shares of the company’s stock valued at $717,000 after purchasing an additional 1,408 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of 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 period. Comerica Bank grew its position in InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after acquiring an additional 1,001 shares during the last quarter. Panagora Asset Management Inc. purchased a new stake in shares of InvenTrust Properties in the first quarter valued at approximately $2,870,000. Finally, Dark Forest Capital Management LP increased 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. 61.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

IVT has been the subject of a number of research reports. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. initiated coverage on InvenTrust Properties in a research report on Friday, October 17th. They set a “neutral” rating and a $30.00 price objective for the company. Jefferies Financial Group reissued a “buy” rating and issued a $33.00 target price (up previously from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday. Finally, LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $31.00 price target for the company. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $31.60.

Read Our Latest Stock Analysis on IVT

InvenTrust Properties Company Profile

(Get Free Report)

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.

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