Renaissance Technologies LLC Has $9.98 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Renaissance Technologies LLC boosted its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 53.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 331,200 shares of the company's stock after purchasing an additional 114,900 shares during the period. Renaissance Technologies LLC owned about 0.43% of InvenTrust Properties worth $9,979,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Millstone Evans Group LLC bought a new position in shares of InvenTrust Properties in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp raised its stake in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after acquiring an additional 1,026 shares during the last quarter. FIL Ltd raised its stake in shares of InvenTrust Properties by 17.4% in the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after acquiring an additional 332 shares during the last quarter. US Bancorp DE grew its stake in shares of InvenTrust Properties by 19.8% during the fourth 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. Finally, EverSource Wealth Advisors LLC grew its stake in shares of InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock valued at $155,000 after purchasing an additional 3,462 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating on the stock. Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research report on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, InvenTrust Properties has a consensus rating of "Moderate Buy" and an average target price of $32.00.

InvenTrust Properties Stock Up 2.4 %

IVT stock traded up $0.64 during trading hours on Tuesday, reaching $27.59. 592,334 shares of the stock were exchanged, compared to its average volume of 415,357. The firm's 50-day moving average is $28.62 and its 200-day moving average is $29.51. InvenTrust Properties Corp. has a 12 month low of $23.69 and a 12 month high of $31.65. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 153.25, a PEG ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings data 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 return on equity of 0.83% and a net margin of 4.99%. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a $0.2376 dividend. The ex-dividend date of this dividend was Monday, March 31st. 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 dividend yield of 3.45%. InvenTrust Properties's dividend payout ratio (DPR) is 527.78%.

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.