Vanderbilt University Boosts Stake in InvenTrust Properties Corp. $IVT

Vanderbilt University grew its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 5.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,451 shares of the company’s stock after acquiring an additional 1,231 shares during the period. Vanderbilt University’s holdings in InvenTrust Properties were worth $670,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of IVT. Avalon Trust Co acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at $36,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of InvenTrust Properties in the 1st quarter valued at $57,000. Bulwark Capital Corp acquired a new stake in shares of InvenTrust Properties in the 2nd quarter valued at $57,000. Oliver Lagore Vanvalin Investment Group acquired a new stake in shares of InvenTrust Properties in the 2nd quarter valued at $63,000. Finally, Comerica Bank raised its holdings in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after purchasing an additional 1,001 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Stock Down 1.2%

IVT stock opened at $28.20 on Friday. The company has a market cap of $2.19 billion, a P/E ratio of 19.58, a P/E/G ratio of 2.86 and a beta of 0.86. InvenTrust Properties Corp. has a 52 week low of $25.21 and a 52 week high of $31.65. The company’s 50-day moving average price is $28.76 and its 200 day moving average price is $28.13. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.2377 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.4%. InvenTrust Properties’s dividend payout ratio is presently 65.97%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on IVT. LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $31.00 price target on the stock. Wells Fargo & Company lifted their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 27th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.50.

InvenTrust Properties Profile

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.