Park Avenue Securities LLC Invests $239,000 in InvenTrust Properties Corp. (NYSE:IVT)

Park Avenue Securities LLC acquired a new position in shares of InvenTrust Properties Corp. (NYSE:IVT) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 8,141 shares of the company’s stock, valued at approximately $239,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Nuveen Asset Management LLC grew its holdings in shares of InvenTrust Properties by 35.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company’s stock worth $35,966,000 after purchasing an additional 315,380 shares in the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of InvenTrust Properties during the fourth quarter worth about $848,000. BNP Paribas Financial Markets purchased a new position in shares of InvenTrust Properties during the fourth quarter worth about $270,000. Summit Global Investments purchased a new position in shares of InvenTrust Properties during the first quarter worth about $813,000. Finally, Rhumbline Advisers grew its holdings in shares of InvenTrust Properties by 11.2% during the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after purchasing an additional 13,722 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on IVT shares. BTIG Research started coverage on InvenTrust Properties in a research report on Monday, April 28th. They issued a “buy” rating and a $31.00 target price for the company. Wolfe Research started coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a “peer perform” rating for the company. Finally, Wells Fargo & Company dropped their target price 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average target price of $31.80.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $27.82 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a fifty-two week low of $24.13 and a fifty-two week high of $31.65. The stock has a 50 day moving average price of $27.79 and a two-hundred day moving average price of $28.95. The company has a market capitalization of $2.16 billion, a P/E ratio of 154.57, a PEG ratio of 3.34 and a beta of 0.90.

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.