VIRGINIA RETIREMENT SYSTEMS ET Al Makes New Investment in InvenTrust Properties Corp. $IVT

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) during the 2nd quarter, Holdings Channel reports. The fund purchased 177,800 shares of the company’s stock, valued at approximately $4,872,000.

Other large investors have also made changes to their positions in the company. Avalon Trust Co acquired a new position in shares of InvenTrust Properties during the first quarter valued at $36,000. Trust Co. of Toledo NA OH acquired a new position in shares of InvenTrust Properties during the second quarter valued at $47,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of InvenTrust Properties during the first quarter valued at $57,000. Bulwark Capital Corp acquired a new position in shares of InvenTrust Properties during the second quarter valued at $57,000. Finally, Oliver Lagore Vanvalin Investment Group acquired a new position in shares of InvenTrust Properties during the second quarter valued at $63,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Up 1.0%

Shares of InvenTrust Properties stock opened at $28.24 on Tuesday. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The company has a market capitalization of $2.19 billion, a P/E ratio of 19.61, a price-to-earnings-growth ratio of 3.25 and a beta of 0.86. InvenTrust Properties Corp. has a 1 year low of $25.21 and a 1 year high of $31.65. The business has a 50-day moving average of $28.82 and a two-hundred day moving average of $28.01.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th were given a dividend of $0.2377 per share. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.95 annualized dividend and a yield of 3.4%. InvenTrust Properties’s dividend payout ratio is 65.97%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on IVT. JPMorgan Chase & Co. started coverage on InvenTrust Properties in a research note on Friday. They set a “neutral” rating and a $30.00 price target on the stock. Wells Fargo & Company upped their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. LADENBURG THALM/SH SH started coverage on InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price objective for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a report on Tuesday, October 14th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $32.00.

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.