New Age Alpha Advisors LLC Takes $848,000 Position in InvenTrust Properties Corp. (NYSE:IVT)

New Age Alpha Advisors LLC purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 28,138 shares of the company's stock, valued at approximately $848,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Allworth Financial LP boosted its stake in InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after buying an additional 383 shares in the last quarter. EntryPoint Capital LLC boosted its stake in shares of InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after purchasing an additional 682 shares in the last quarter. US Bancorp DE grew its holdings in shares of InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the last quarter. Millstone Evans Group LLC acquired a new position in InvenTrust Properties during the 4th quarter worth approximately $27,000. Finally, Victory Capital Management Inc. lifted its stake in InvenTrust Properties by 10.7% in the 4th quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock valued at $286,000 after purchasing an additional 920 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IVT. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wells Fargo & Company lowered their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Finally, Wolfe Research assumed coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

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InvenTrust Properties Trading Down 3.0 %

Shares of NYSE IVT traded down $0.85 during trading on Friday, reaching $27.19. The company had a trading volume of 632,325 shares, compared to its average volume of 407,741. The company's fifty day moving average price is $29.48 and its 200-day moving average price is $29.72. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.11 billion, a P/E ratio of 151.06, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

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.