InvenTrust Properties (NYSE:IVT) Sets New 12-Month High After Analyst Upgrade

InvenTrust Properties Corp. (NYSE:IVT) hit a new 52-week high on Thursday after Wells Fargo & Company raised their price target on the stock from $29.00 to $32.00. Wells Fargo & Company currently has an overweight rating on the stock. InvenTrust Properties traded as high as $29.48 and last traded at $29.43, with a volume of 39327 shares. The stock had previously closed at $29.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Quest Partners LLC bought a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $1,014,000. Calton & Associates Inc. bought a new position in InvenTrust Properties in the fourth quarter valued at $776,000. Susquehanna Fundamental Investments LLC acquired a new stake in InvenTrust Properties in the 1st quarter valued at $737,000. Makena Capital Management LLC bought a new stake in InvenTrust Properties during the 4th quarter worth about $6,427,000. Finally, Vanguard Group Inc. grew its holdings in shares of InvenTrust Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after acquiring an additional 91,579 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Trading Up 0.2 %

The business has a 50-day moving average of $26.67 and a 200-day moving average of $25.51. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 2.38. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 292.70, a P/E/G ratio of 4.83 and a beta of 0.99.

InvenTrust Properties Company 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.