Verition Fund Management LLC Buys 108,437 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Verition Fund Management LLC increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 26.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 522,622 shares of the company's stock after acquiring an additional 108,437 shares during the quarter. Verition Fund Management LLC owned about 0.68% of InvenTrust Properties worth $14,827,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC increased its holdings in InvenTrust Properties by 1,823.0% in the 3rd quarter. International Assets Investment Management LLC now owns 261,657 shares of the company's stock valued at $7,423,000 after buying an additional 248,050 shares during the period. Harbor Capital Advisors Inc. increased its holdings in InvenTrust Properties by 108.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company's stock valued at $1,179,000 after buying an additional 24,791 shares during the period. Vanderbilt University bought a new stake in InvenTrust Properties in the 3rd quarter valued at $742,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock valued at $75,000 after buying an additional 681 shares during the period. Finally, Principal Financial Group Inc. increased its holdings in InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock valued at $116,808,000 after buying an additional 738,784 shares during the period. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Price Performance

NYSE IVT traded down $0.33 on Friday, hitting $30.97. 288,517 shares of the company were exchanged, compared to its average volume of 377,362. The firm has a 50 day moving average of $29.77 and a two-hundred day moving average of $27.69. The company has a market cap of $2.39 billion, a P/E ratio of 344.15, a P/E/G ratio of 3.61 and a beta of 0.97. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.44). The company had revenue of $68.52 million for the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same quarter last year, the business posted $0.41 EPS. On average, equities analysts predict that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.92%. InvenTrust Properties's payout ratio is presently 1,011.22%.

Analysts Set New Price Targets

IVT has been the topic of several analyst reports. Wells Fargo & Company boosted their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th. Jefferies Financial Group started coverage on shares of InvenTrust Properties in a research note on Tuesday, November 19th. They issued a "hold" rating and a $33.00 target price on the stock. Bank of America upgraded shares of InvenTrust Properties from a "neutral" rating to a "buy" rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Finally, Compass Point boosted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research note 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.