Worth Venture Partners LLC Takes $208,000 Position in InvenTrust Properties Corp. $IVT

Worth Venture Partners LLC purchased a new position in InvenTrust Properties Corp. (NYSE:IVT) during the second quarter, HoldingsChannel reports. The firm purchased 7,600 shares of the company’s stock, valued at approximately $208,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVT. Nuveen LLC bought a new position in InvenTrust Properties in the 1st quarter worth about $30,620,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of InvenTrust Properties by 443.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company’s stock valued at $17,235,000 after purchasing an additional 478,887 shares during the period. Aberdeen Group plc boosted its holdings in shares of InvenTrust Properties by 1,423.7% in the second quarter. Aberdeen Group plc now owns 437,441 shares of the company’s stock valued at $11,986,000 after purchasing an additional 408,731 shares during the period. Goldman Sachs Group Inc. grew its stake in InvenTrust Properties by 66.0% in the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock worth $20,420,000 after purchasing an additional 276,474 shares in the last quarter. Finally, Vision Capital Corp increased its holdings in InvenTrust Properties by 290.9% during the 1st quarter. Vision Capital Corp now owns 350,000 shares of the company’s stock worth $10,280,000 after purchasing an additional 260,457 shares during the period. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of IVT stock opened at $28.29 on Wednesday. The stock’s 50-day moving average is $28.19 and its 200 day moving average is $28.12. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.68 and a quick ratio of 1.68. The company has a market cap of $2.20 billion, a P/E ratio of 18.49, a PEG ratio of 3.06 and a beta of 0.86.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.37). InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. The firm had revenue of $74.47 million for the quarter, compared to analysts’ expectations of $73.57 million. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. Research analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Tuesday, September 30th. InvenTrust Properties’s payout ratio is currently 62.09%.

Analysts Set New Price Targets

IVT has been the subject of several research reports. LADENBURG THALM/SH SH started coverage on InvenTrust Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 target price for the company. Weiss Ratings restated a “buy (b-)” rating on shares of InvenTrust Properties in a report on Monday. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. JPMorgan Chase & Co. initiated coverage on shares of InvenTrust Properties in a research report on Friday, October 17th. They set a “neutral” rating and a $30.00 target price on the stock. Finally, Wells Fargo & Company assumed coverage on shares of InvenTrust Properties in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 price target for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, InvenTrust Properties presently has a consensus rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties Company 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.