Entropy Technologies LP lifted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 145.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,272 shares of the company’s stock after buying an additional 14,976 shares during the quarter. Entropy Technologies LP’s holdings in InvenTrust Properties were worth $770,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Cassaday & Co Wealth Management LLC acquired a new stake in InvenTrust Properties in the first quarter valued at $29,000. EverSource Wealth Advisors LLC grew its holdings in InvenTrust Properties by 44.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after acquiring an additional 418 shares in the last quarter. Global Retirement Partners LLC grew its holdings in InvenTrust Properties by 82.3% during the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after acquiring an additional 621 shares in the last quarter. Danske Bank A S increased its position 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 worth $45,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Prosperity Bancshares Inc bought a new stake in shares of InvenTrust Properties in the 4th quarter worth about $47,000. Institutional investors own 61.70% of the company’s stock.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $39.00 target price on shares of InvenTrust Properties and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Bank of America lifted their price target on InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. JPMorgan Chase & Co. boosted their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a report on Wednesday, May 6th. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, July 15th. Finally, BTIG Research reaffirmed a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $35.14.
InvenTrust Properties Price Performance
Shares of NYSE:IVT opened at $36.04 on Wednesday. The company has a market cap of $2.81 billion, a PE ratio of 25.56, a P/E/G ratio of 2.97 and a beta of 0.78. InvenTrust Properties Corp. has a fifty-two week low of $26.81 and a fifty-two week high of $37.22. The firm has a 50-day simple moving average of $34.78 and a 200 day simple moving average of $32.21. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54.
InvenTrust Properties (NYSE:IVT – Get Free Report) last issued its earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analysts’ expectations of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. On average, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.99 EPS for the current year.
InvenTrust Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio is presently 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.
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