Vision Capital Corp reduced its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 8.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,017,381 shares of the company’s stock after selling 88,493 shares during the quarter. InvenTrust Properties makes up approximately 12.6% of Vision Capital Corp’s investment portfolio, making the stock its 2nd largest position. Vision Capital Corp’s holdings in InvenTrust Properties were worth $28,700,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the business. Martingale Asset Management L P lifted its holdings in InvenTrust Properties by 5.5% during the fourth quarter. Martingale Asset Management L P now owns 142,488 shares of the company’s stock worth $4,020,000 after acquiring an additional 7,386 shares during the period. Wells Fargo & Company MN increased its position in InvenTrust Properties by 23.9% in the fourth quarter. Wells Fargo & Company MN now owns 139,319 shares of the company’s stock worth $3,930,000 after buying an additional 26,908 shares during the last quarter. Federation des caisses Desjardins du Quebec increased its position in InvenTrust Properties by 27.3% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 6,230 shares of the company’s stock worth $176,000 after buying an additional 1,336 shares during the last quarter. Groupe la Francaise purchased a new position in shares of InvenTrust Properties during the 4th quarter valued at $583,000. Finally, Swiss National Bank lifted its position in shares of InvenTrust Properties by 1.8% during the 4th quarter. Swiss National Bank now owns 153,100 shares of the company’s stock valued at $4,319,000 after buying an additional 2,700 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.
InvenTrust Properties Stock Performance
NYSE:IVT opened at $34.99 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. InvenTrust Properties Corp. has a 52-week low of $26.52 and a 52-week high of $35.54. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.87 and a beta of 0.80. The business’s fifty day moving average is $32.40 and its 200 day moving average is $30.60.
Analyst Ratings Changes
IVT has been the subject of several recent research reports. Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. BTIG Research reissued a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a report on Friday. Weiss Ratings lowered InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday, June 3rd. Bank of America lifted their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. lifted their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $34.57.
Read Our Latest Research Report on IVT
InvenTrust Properties Company Profile
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.
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