InvenTrust Properties Corp. (NYSE:IVT) Short Interest Up 98.6% in June

InvenTrust Properties Corp. (NYSE:IVT) saw a significant growth in short interest in June. As of June 30th, there was short interest totaling 6,132,242 shares, a growth of 98.6% from the June 15th total of 3,087,843 shares. Currently, 7.9% of the shares of the stock are sold short. Based on an average daily volume of 2,300,110 shares, the days-to-cover ratio is currently 2.7 days.

Wall Street Analyst Weigh In

IVT has been the subject of a number of recent research reports. Weiss Ratings cut InvenTrust Properties from a “buy (a-)” rating to a “buy (b)” rating in a report on Wednesday, July 1st. Jefferies Financial Group upgraded InvenTrust Properties to a “strong-buy” rating in a research note on Friday, June 26th. BTIG Research reaffirmed a “buy” rating and issued a $37.00 price target on shares of InvenTrust Properties in a report on Friday, June 12th. Bank of America upped their price target on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $34.71.

Institutional Trading of InvenTrust Properties

A number of hedge funds have recently modified their holdings of IVT. Cassaday & Co Wealth Management LLC bought a new position in InvenTrust Properties during the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC raised its holdings in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after purchasing an additional 418 shares during the period. Global Retirement Partners LLC grew its holdings in shares of InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after buying an additional 621 shares during the period. Danske Bank A S grew its holdings in shares of InvenTrust Properties by 220.0% in the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in InvenTrust Properties during the 4th quarter worth about $47,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

IVT stock opened at $35.32 on Thursday. The company has a 50 day moving average price of $33.90 and a 200 day moving average price of $31.70. InvenTrust Properties has a fifty-two week low of $26.65 and a fifty-two week high of $36.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market capitalization of $2.75 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.91 and a beta of 0.78.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The company had revenue of $82.58 million for the quarter, compared to the consensus estimate of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Analysts forecast that InvenTrust Properties will post 1.99 EPS for the current year.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a yield of 2.8%. InvenTrust Properties’s dividend payout ratio (DPR) is 70.92%.

About InvenTrust Properties

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.