Short Interest in InvenTrust Properties Corp. (NYSE:IVT) Rises By 98.6%

InvenTrust Properties Corp. (NYSE:IVT) was the recipient of a large increase in short interest in June. As of June 30th, there was short interest totaling 6,132,242 shares, an increase of 98.6% from the June 15th total of 3,087,843 shares. Based on an average daily trading volume, of 2,300,110 shares, the days-to-cover ratio is presently 2.7 days. Approximately 7.9% of the company’s shares are short sold.

Hedge Funds Weigh In On InvenTrust Properties

Hedge funds have recently added to or reduced their stakes in the stock. Comerica Bank grew its position in shares of InvenTrust Properties by 80.5% during the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock worth $66,000 after buying an additional 1,001 shares during the period. Amundi raised its position in shares of InvenTrust Properties by 9.8% in the 1st quarter. Amundi now owns 45,205 shares of the company’s stock valued at $1,268,000 after acquiring an additional 4,018 shares during the period. AQR Capital Management LLC boosted its stake in InvenTrust Properties by 29.3% during the 1st quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock worth $302,000 after acquiring an additional 2,331 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in InvenTrust Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock worth $1,355,000 after acquiring an additional 2,014 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in InvenTrust Properties by 66.0% during the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock valued at $20,420,000 after purchasing an additional 276,474 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of IVT stock opened at $36.72 on Friday. InvenTrust Properties has a 52-week low of $26.81 and a 52-week high of $37.22. The stock has a market cap of $2.86 billion, a PE ratio of 26.04, a PEG ratio of 3.00 and a beta of 0.78. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. The firm’s 50 day moving average price is $34.11 and its two-hundred day moving average price is $31.79.

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

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.7%. InvenTrust Properties’s payout ratio is 70.92%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research note on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating and set a $37.00 price target on shares of InvenTrust Properties in a research note on Friday, June 12th. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a report on Wednesday. Wells Fargo & Company reiterated an “overweight” rating and issued a $36.00 price objective (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. Finally, Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, InvenTrust Properties has a consensus rating of “Buy” and a consensus price target of $34.71.

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.