122,000 Shares in InvenTrust Properties Corp. $IVT Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC bought a new position in InvenTrust Properties Corp. (NYSE:IVTFree Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 122,000 shares of the company’s stock, valued at approximately $3,716,000.

Several other hedge funds and other institutional investors have also bought and sold shares of IVT. Cassaday & Co Wealth Management LLC purchased a new stake in shares of InvenTrust Properties during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its holdings in shares of InvenTrust Properties by 44.0% during the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of InvenTrust Properties by 82.3% during the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $39,000 after purchasing an additional 621 shares during the last quarter. Danske Bank A S lifted its position in InvenTrust Properties by 220.0% during the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after purchasing an additional 1,100 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in InvenTrust Properties during the fourth quarter valued at approximately $47,000. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 0.3%

InvenTrust Properties stock opened at $33.19 on Friday. The firm has a 50 day moving average of $35.01 and a 200 day moving average of $32.50. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 165.97, a P/E/G ratio of 2.78 and a beta of 0.78. InvenTrust Properties Corp. has a 12-month low of $26.81 and a 12-month high of $37.22. The company has a current ratio of 1.73, a quick ratio of 1.46 and a debt-to-equity ratio of 0.62.

InvenTrust Properties (NYSE:IVTGet Free Report) last issued its quarterly earnings results on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The firm had revenue of $82.83 million for the quarter, compared to analysts’ expectations of $82.44 million. InvenTrust Properties had a net margin of 4.80% and a return on equity of 0.85%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, research analysts predict that InvenTrust Properties Corp. will post 1.95 earnings per share for the current year.

InvenTrust Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. InvenTrust Properties’s payout ratio is 500.00%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IVT. Weiss Ratings cut shares of InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, July 31st. BTIG Research reiterated a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a research note on Friday, June 12th. Jefferies Financial Group raised InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research note on Wednesday, May 6th. Finally, Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, InvenTrust Properties has a consensus rating of “Buy” and an average target price of $35.14.

View Our Latest Research Report on InvenTrust Properties

About InvenTrust Properties

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for InvenTrust Properties (NYSE:IVT)

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