Harbor Capital Advisors Inc. Has $1.92 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Harbor Capital Advisors Inc. boosted its position in InvenTrust Properties Corp. (NYSE:IVT) by 38.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,332 shares of the company’s stock after acquiring an additional 18,003 shares during the period. Harbor Capital Advisors Inc. owned 0.08% of InvenTrust Properties worth $1,919,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of InvenTrust Properties in the 4th quarter worth $27,000. GF Fund Management CO. LTD. acquired a new position in InvenTrust Properties during the fourth quarter worth $42,000. Bernard Wealth Management Corp. bought a new position in shares of InvenTrust Properties in the fourth quarter valued at $50,000. Quarry LP acquired a new position in shares of InvenTrust Properties during the fourth quarter valued at about $53,000. Finally, Jones Financial Companies Lllp grew its holdings in shares of InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company’s stock valued at $56,000 after buying an additional 1,026 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $27.95 on Thursday. The company has a market capitalization of $2.17 billion, a PE ratio of 155.28, a PEG ratio of 3.34 and a beta of 0.90. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock’s 50 day moving average price is $27.69 and its 200-day moving average price is $29.04. InvenTrust Properties Corp. has a twelve month low of $24.13 and a twelve month high of $31.65.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Wells Fargo & Company dropped their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, March 26th. BTIG Research began coverage on InvenTrust Properties in a research note on Monday, April 28th. They issued a “buy” rating and a $31.00 price objective for the company. Finally, Wolfe Research assumed coverage on InvenTrust Properties in a research report on Thursday, March 20th. They set a “peer perform” rating on the stock. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $31.80.

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.