Public Employees Retirement System of Ohio bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 90,649 shares of the company’s stock, valued at approximately $3,209,000. Public Employees Retirement System of Ohio owned approximately 0.12% of InvenTrust Properties as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its stake in shares of InvenTrust Properties by 1,756.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 122,844 shares of the company’s stock valued at $3,465,000 after acquiring an additional 116,226 shares in the last quarter. Sei Investments Co. grew its stake in InvenTrust Properties by 61.7% during the 1st quarter. Sei Investments Co. now owns 106,373 shares of the company’s stock worth $3,240,000 after purchasing an additional 40,600 shares in the last quarter. UBS Group AG grew its stake in InvenTrust Properties by 265.8% during the 4th quarter. UBS Group AG now owns 216,948 shares of the company’s stock worth $6,120,000 after purchasing an additional 157,633 shares in the last quarter. Adelante Capital Management LLC purchased a new stake in InvenTrust Properties during the 2nd quarter worth about $13,400,000. Finally, Quantinno Capital Management LP increased its holdings in InvenTrust Properties by 264.2% during the 1st quarter. Quantinno Capital Management LP now owns 95,087 shares of the company’s stock worth $2,896,000 after purchasing an additional 68,976 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.
InvenTrust Properties Stock Up 0.0%
IVT stock opened at $32.56 on Friday. The stock has a market cap of $2.54 billion, a P/E ratio of 162.80, 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 twelve month low of $26.81 and a twelve month high of $37.22. The company’s 50 day moving average is $34.43 and its two-hundred day moving average is $32.95.
InvenTrust Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.00 annualized dividend and a dividend yield of 3.1%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 500.00%.
Analyst Upgrades and Downgrades
Several equities analysts have recently issued reports on the company. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Jefferies Financial Group upgraded shares of InvenTrust Properties to a “strong-buy” rating in a research note on Friday, June 26th. Wells Fargo & Company set a $38.00 target price on shares of InvenTrust Properties and gave the company an “overweight” rating in a report on Tuesday. Weiss Ratings downgraded shares of InvenTrust Properties from a “buy (b)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Finally, Bank of America boosted their price target on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus price target of $35.00.
Read Our Latest Research Report on InvenTrust Properties
About InvenTrust Properties
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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