37,911 Shares in InvenTrust Properties Corp. (NYSE:IVT) Purchased by Point72 Asset Management L.P.

Point72 Asset Management L.P. purchased a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 37,911 shares of the company's stock, valued at approximately $1,076,000.

Several other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in shares of InvenTrust Properties by 21.9% in the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after purchasing an additional 738,784 shares during the period. FMR LLC increased its position in InvenTrust Properties by 22,456.4% in the 3rd quarter. FMR LLC now owns 580,602 shares of the company's stock valued at $16,472,000 after acquiring an additional 578,028 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in InvenTrust Properties by 425.6% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company's stock valued at $13,132,000 after acquiring an additional 374,804 shares in the last quarter. International Assets Investment Management LLC boosted its position in InvenTrust Properties by 1,823.0% during the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company's stock worth $7,423,000 after acquiring an additional 248,050 shares during the period. Finally, Savant Capital LLC bought a new position in shares of InvenTrust Properties in the second quarter worth $4,445,000. 61.70% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IVT has been the subject of several research analyst reports. Jefferies Financial Group initiated coverage on shares of InvenTrust Properties in a report on Tuesday, November 19th. They issued a "hold" rating and a $33.00 price objective for the company. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and increased their price target for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their target price on 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 boosted their target price 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.

InvenTrust Properties Trading Down 0.7 %

IVT traded down $0.21 during trading on Wednesday, reaching $30.87. The company had a trading volume of 123,415 shares, compared to its average volume of 374,811. 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 Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The company has a market cap of $2.38 billion, a price-to-earnings ratio of 345.22, a PEG ratio of 3.60 and a beta of 0.97. The firm's 50-day simple moving average is $30.10 and its 200 day simple moving average is $28.01.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (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 firm had revenue of $68.52 million for the quarter. During the same quarter in the prior year, the company earned $0.41 EPS. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.73 earnings per share for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 2.93%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties's payout ratio is 1,000.00%.

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.