Quantinno Capital Management LP boosted its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 264.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,087 shares of the company’s stock after buying an additional 68,976 shares during the period. Quantinno Capital Management LP owned approximately 0.12% of InvenTrust Properties worth $2,896,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC bought a new stake in InvenTrust Properties in the 1st quarter worth about $29,000. EverSource Wealth Advisors LLC boosted its stake in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares during the last quarter. Global Retirement Partners LLC grew its holdings in shares of InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock valued at $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% during the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Prosperity Bancshares Inc purchased a new stake in shares of InvenTrust Properties during the fourth quarter valued at approximately $47,000. 61.70% of the stock is owned by institutional investors.
InvenTrust Properties Stock Down 0.1%
Shares of NYSE:IVT opened at $33.19 on Monday. The firm has a fifty day moving average price of $35.01 and a two-hundred day moving average price of $32.52. The company has a market cap of $2.59 billion, a price-to-earnings ratio of 165.97, a PEG ratio of 2.78 and a beta of 0.78. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.73 and a quick ratio of 1.73. InvenTrust Properties Corp. has a one year low of $26.81 and a one year high of $37.22.
InvenTrust Properties Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 3.0%. InvenTrust Properties’s payout ratio is presently 500.00%.
Wall Street Analyst Weigh In
IVT has been the topic of several research analyst reports. Bank of America boosted their price objective on InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. JPMorgan Chase & Co. lifted their target price 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. Wells Fargo & Company set a $39.00 price target on shares of InvenTrust Properties and gave the stock an “overweight” rating in a report on Thursday, July 23rd. Wall Street Zen lowered shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, Jefferies Financial Group upgraded shares of InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. One investment 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 company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $35.14.
Get Our Latest Analysis on InvenTrust Properties
InvenTrust Properties 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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