Martingale Asset Management L P Purchases 40,329 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Martingale Asset Management L P increased its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 57.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 110,858 shares of the company's stock after acquiring an additional 40,329 shares during the quarter. Martingale Asset Management L P owned about 0.14% of InvenTrust Properties worth $3,145,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new stake in shares of InvenTrust Properties in the third quarter worth $27,000. Creekmur Asset Management LLC boosted its holdings in InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock worth $46,000 after buying an additional 795 shares during the period. Hantz Financial Services Inc. bought a new stake in InvenTrust Properties during the second quarter valued at about $57,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock valued at $75,000 after acquiring an additional 681 shares during the period. Finally, Beacon Capital Management LLC lifted its position in shares of InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock valued at $91,000 after acquiring an additional 693 shares in the last quarter. Institutional investors own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

InvenTrust Properties Price Performance

IVT stock traded down $0.33 during trading on Friday, hitting $30.97. 288,517 shares of the company's stock traded hands, compared to its average volume of 377,362. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The stock has a market capitalization of $2.39 billion, a price-to-earnings ratio of 344.15, a P/E/G ratio of 3.61 and a beta of 0.97. The business has a fifty day simple moving average of $29.77 and a 200 day simple moving average of $27.67. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59.

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 analysts' consensus estimates of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The business had revenue of $68.52 million during the quarter. During the same period last year, the firm posted $0.41 earnings per share. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued 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 (DPR) is 1,011.22%.

About InvenTrust Properties

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.