Credit Suisse AG Buys 17,039 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Credit Suisse AG boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 14.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,724 shares of the company’s stock after purchasing an additional 17,039 shares during the quarter. Credit Suisse AG owned about 0.20% of InvenTrust Properties worth $3,106,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of IVT. Ahrens Investment Partners LLC bought a new stake in shares of InvenTrust Properties in the first quarter valued at about $27,000. Coppell Advisory Solutions Corp. bought a new stake in shares of InvenTrust Properties in the fourth quarter valued at about $29,000. Almanack Investment Partners LLC. bought a new stake in shares of InvenTrust Properties in the third quarter valued at about $43,000. US Bancorp DE bought a new stake in shares of InvenTrust Properties in the first quarter valued at about $48,000. Finally, WealthPLAN Partners LLC bought a new stake in shares of InvenTrust Properties in the first quarter valued at about $49,000. Institutional investors own 57.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on IVT. TheStreet raised shares of InvenTrust Properties from a “d+” rating to a “c-” rating in a research report on Wednesday, August 9th. Wells Fargo & Company started coverage on shares of InvenTrust Properties in a research note on Tuesday, May 23rd. They set an “overweight” rating and a $25.00 price objective on the stock. Finally, Compass Point increased their price objective on shares of InvenTrust Properties from $23.00 to $25.00 in a research note on Wednesday, August 2nd.

InvenTrust Properties Trading Up 1.1 %

Shares of InvenTrust Properties stock opened at $24.18 on Friday. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 403.07, a PEG ratio of 4.41 and a beta of 1.33. The company has a quick ratio of 2.10, a current ratio of 2.10 and a debt-to-equity ratio of 0.53. InvenTrust Properties Corp. has a 12-month low of $20.76 and a 12-month high of $27.59. The firm’s 50-day moving average price is $23.87 and its two-hundred day moving average price is $23.10.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a dividend of $0.2155 per share. This represents a $0.86 dividend on an annualized basis and a yield of 3.56%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, June 29th. InvenTrust Properties’s dividend payout ratio is presently 1,433.57%.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (we, the Company, our, us, "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.