InvenTrust Properties Corp. (NYSE:IVT) Sees Large Increase in Short Interest

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) saw a large increase in short interest in March. As of March 15th, there was short interest totalling 1,740,000 shares, an increase of 6.7% from the February 29th total of 1,630,000 shares. Based on an average daily volume of 318,300 shares, the days-to-cover ratio is currently 5.5 days. Approximately 2.6% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of InvenTrust Properties by 0.3% in the third quarter. Vanguard Group Inc. now owns 9,570,784 shares of the company's stock worth $204,145,000 after acquiring an additional 28,579 shares during the last quarter. BlackRock Inc. boosted its position in InvenTrust Properties by 3.0% in the second quarter. BlackRock Inc. now owns 6,642,546 shares of the company's stock valued at $153,709,000 after buying an additional 192,061 shares in the last quarter. State Street Corp boosted its position in InvenTrust Properties by 0.7% in the second quarter. State Street Corp now owns 2,710,435 shares of the company's stock valued at $63,288,000 after buying an additional 19,227 shares in the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of InvenTrust Properties by 2.0% during the third quarter. Principal Financial Group Inc. now owns 2,666,130 shares of the company's stock worth $63,480,000 after buying an additional 51,106 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

InvenTrust Properties stock traded down $0.67 during trading hours on Tuesday, reaching $24.26. 487,712 shares of the stock were exchanged, compared to its average volume of 330,805. The stock has a 50 day moving average of $25.19 and a two-hundred day moving average of $25.01. The company has a market cap of $1.65 billion, a P/E ratio of 307.91, a price-to-earnings-growth ratio of 4.36 and a beta of 1.04. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.52. InvenTrust Properties has a twelve month low of $20.76 and a twelve month high of $27.25.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Sunday, March 31st will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.73%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.22. The ex-dividend date is Wednesday, March 27th. InvenTrust Properties's dividend payout ratio (DPR) is 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.