Intech Investment Management LLC Makes New $584,000 Investment in InvenTrust Properties Corp. (NYSE:IVT)

Intech Investment Management LLC acquired a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 20,590 shares of the company's stock, valued at approximately $584,000.

Several other large investors have also modified their holdings of IVT. Farmers & Merchants Investments Inc. purchased a new stake in InvenTrust Properties in the 3rd quarter valued at $27,000. Creekmur Asset Management LLC increased its stake in InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock valued at $46,000 after buying an additional 795 shares during the period. Hantz Financial Services Inc. purchased a new position in InvenTrust Properties during the 2nd quarter worth $57,000. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after acquiring an additional 681 shares during the period. Finally, Beacon Capital Management LLC lifted its stake in shares of InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock worth $91,000 after acquiring an additional 693 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

IVT traded down $0.33 on Friday, hitting $30.97. 288,517 shares of the company were exchanged, compared to its average volume of 377,610. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $2.39 billion, a P/E ratio of 344.11, a price-to-earnings-growth ratio of 3.57 and a beta of 0.97. The business's fifty day moving average is $29.77 and its 200 day moving average is $27.69.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. The firm had revenue of $68.52 million for the quarter. During the same quarter last year, the business earned $0.41 earnings per share. As a group, sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties's dividend payout ratio is currently 1,000.00%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Compass Point increased their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a "neutral" rating in a report on Tuesday, September 10th. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and increased their target price for the stock from $30.00 to $33.00 in a research note on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a research note on Tuesday, November 19th. They issued a "hold" rating and a $33.00 price target on the stock. Finally, Wells Fargo & Company increased their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 28th.

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.