Sei Investments Co. raised its position in InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 61.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 106,373 shares of the company’s stock after buying an additional 40,600 shares during the quarter. Sei Investments Co.’s holdings in InvenTrust Properties were worth $3,240,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in IVT. Deprince Race & Zollo Inc. acquired a new position in InvenTrust Properties during the fourth quarter valued at approximately $26,941,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of InvenTrust Properties by 1,756.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock valued at $3,465,000 after purchasing an additional 116,226 shares in the last quarter. UBS Group AG increased its stake in shares of InvenTrust Properties by 265.8% in the 4th quarter. UBS Group AG now owns 216,948 shares of the company’s stock valued at $6,120,000 after purchasing an additional 157,633 shares during the last quarter. B&I Capital AG acquired a new position in shares of InvenTrust Properties during the 4th quarter worth $8,442,000. Finally, Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties by 30.8% during the 4th quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock worth $174,612,000 after buying an additional 1,456,918 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.
InvenTrust Properties Price Performance
IVT stock opened at $33.19 on Friday. The company has a fifty day moving average price of $35.01 and a 200-day moving average price of $32.50. The company has a market capitalization of $2.59 billion, a P/E ratio of 165.97, a PEG ratio of 2.78 and a beta of 0.78. InvenTrust Properties Corp. has a 52-week low of $26.81 and a 52-week high of $37.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.46 and a current ratio of 1.73.
InvenTrust Properties Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s payout ratio is 500.00%.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on IVT. Bank of America lifted their target price on InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, June 29th. Jefferies Financial Group upgraded shares of InvenTrust Properties to a “strong-buy” rating in a research note on Friday, June 26th. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, July 18th. Weiss Ratings cut shares of InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 31st. Finally, BTIG Research reissued a “buy” rating and issued a $37.00 price objective on shares of InvenTrust Properties in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, InvenTrust Properties has a consensus rating of “Buy” and a consensus target price of $35.14.
Check Out Our Latest Analysis 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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