Vanderbilt University Makes New $742,000 Investment in InvenTrust Properties Corp. (NYSE:IVT)

Vanderbilt University acquired a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 26,165 shares of the company's stock, valued at approximately $742,000.

A number of other large investors have also made changes to their positions in IVT. Hantz Financial Services Inc. acquired a new stake in InvenTrust Properties during the second quarter worth $57,000. Mirae Asset Global Investments Co. Ltd. raised its position in InvenTrust Properties by 34.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after purchasing an additional 681 shares in the last quarter. Beacon Capital Management LLC lifted its stake in InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock worth $91,000 after purchasing an additional 693 shares during the period. EntryPoint Capital LLC boosted its holdings in InvenTrust Properties by 899.3% during the first quarter. EntryPoint Capital LLC now owns 4,077 shares of the company's stock valued at $105,000 after purchasing an additional 3,669 shares in the last quarter. Finally, Global Financial Private Client LLC grew its stake in shares of InvenTrust Properties by 20.0% in the 2nd quarter. Global Financial Private Client LLC now owns 5,992 shares of the company's stock valued at $148,000 after purchasing an additional 1,000 shares during the period. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Price Performance

IVT stock traded up $0.26 during midday trading on Monday, reaching $29.46. 430,532 shares of the company's stock traded hands, compared to its average volume of 372,934. The company has a 50-day simple moving average of $29.15 and a two-hundred day simple moving average of $26.74. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $30.33. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 328.37, a PEG ratio of 3.52 and a beta of 0.98.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.07%. InvenTrust Properties's dividend payout ratio is 1,011.22%.

Wall Street Analyst Weigh In

IVT has been the topic of several recent analyst reports. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and boosted their price target for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company upped their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, August 28th. Finally, Compass Point lifted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th.

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.