VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) during the 2nd quarter, Holdings Channel.com reports. The fund bought 113,175 shares of the company’s stock, valued at approximately $4,006,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IVT. Northwestern Mutual Wealth Management Co. increased its stake in InvenTrust Properties by 1,756.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock worth $3,465,000 after acquiring an additional 116,226 shares during the period. Sei Investments Co. lifted its position in shares of InvenTrust Properties by 61.7% during the 1st quarter. Sei Investments Co. now owns 106,373 shares of the company’s stock valued at $3,240,000 after acquiring an additional 40,600 shares during the period. UBS Group AG lifted its position in shares of InvenTrust Properties by 265.8% during the 4th quarter. UBS Group AG now owns 216,948 shares of the company’s stock valued at $6,120,000 after acquiring an additional 157,633 shares during the period. Quantinno Capital Management LP raised its stake in InvenTrust Properties by 264.2% in the first quarter. Quantinno Capital Management LP now owns 95,087 shares of the company’s stock valued at $2,896,000 after purchasing an additional 68,976 shares in the last quarter. Finally, Adelante Capital Management LLC acquired a new position in InvenTrust Properties in the second quarter valued at about $13,400,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on IVT shares. Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Wells Fargo & Company set a $38.00 target price on shares of InvenTrust Properties and gave the company an “overweight” rating in a research report on Tuesday, September 1st. Jefferies Financial Group raised shares of InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. Bank of America increased their price target on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, June 29th. Finally, Weiss Ratings cut shares of InvenTrust Properties from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, InvenTrust Properties presently has a consensus rating of “Buy” and a consensus price target of $35.67.
InvenTrust Properties Stock Down 0.8%
Shares of NYSE IVT opened at $32.35 on Thursday. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 161.76, a PEG ratio of 2.65 and a beta of 0.77. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. InvenTrust Properties Corp. has a 12 month low of $26.81 and a 12 month high of $37.22. The stock has a 50-day moving average price of $34.25 and a two-hundred day moving average price of $33.00.
InvenTrust Properties (NYSE:IVT – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The company had revenue of $82.83 million during the quarter, compared to analyst estimates 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, analysts forecast that InvenTrust Properties Corp. will post 1.95 earnings per share for the current fiscal year.
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 paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Tuesday, June 30th. InvenTrust Properties’s payout ratio is presently 500.00%.
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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