InvenTrust Properties Corp. (NYSE:IVT – Get Free Report) was the recipient of a significant decline in short interest in March. As of March 31st, there was short interest totalling 1,510,000 shares, a decline of 13.2% from the March 15th total of 1,740,000 shares. Based on an average trading volume of 340,600 shares, the days-to-cover ratio is presently 4.4 days. Approximately 2.2% of the shares of the stock are short sold.
Institutional Trading of InvenTrust Properties
Several institutional investors and hedge funds have recently bought and sold shares of IVT. Vanguard Group Inc. acquired a new stake in InvenTrust Properties during the 1st quarter worth about $171,169,000. BlackRock Inc. acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at about $71,167,000. State Street Corp acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at about $44,161,000. Charles Schwab Investment Management Inc. acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at about $20,038,000. Finally, Northern Trust Corp increased its holdings in shares of InvenTrust Properties by 167.5% in the 2nd quarter. Northern Trust Corp now owns 776,100 shares of the company’s stock valued at $20,016,000 after purchasing an additional 485,917 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.
InvenTrust Properties Price Performance
InvenTrust Properties stock traded up $0.25 during midday trading on Friday, hitting $24.30. The company’s stock had a trading volume of 233,829 shares, compared to its average volume of 379,864. The stock’s 50-day moving average price is $25.02 and its 200-day moving average price is $25.01. The company has a quick ratio of 2.28, a current ratio of 2.28 and a debt-to-equity ratio of 0.52. The company has a market capitalization of $1.65 billion, a PE ratio of 303.79, a price-to-earnings-growth ratio of 4.12 and a beta of 1.04. InvenTrust Properties has a 12 month low of $20.76 and a 12 month high of $27.25.
InvenTrust Properties Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 15th. Shareholders of record on Sunday, March 31st will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 3.72%. The ex-dividend date is Wednesday, March 27th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.22. InvenTrust Properties’s payout ratio is presently 1,125.14%.
About InvenTrust Properties
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.