New York State Common Retirement Fund Has $704,000 Stake in InvenTrust Properties Corp. (NYSE:IVT)

New York State Common Retirement Fund increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 18.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 23,974 shares of the company’s stock after acquiring an additional 3,800 shares during the period. New York State Common Retirement Fund’s holdings in InvenTrust Properties were worth $704,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVT. American Century Companies Inc. grew its position in shares of InvenTrust Properties by 4.7% in the 4th quarter. American Century Companies Inc. now owns 22,991 shares of the company’s stock valued at $693,000 after acquiring an additional 1,040 shares during the period. Sei Investments Co. grew its position in shares of InvenTrust Properties by 13.7% in the 4th quarter. Sei Investments Co. now owns 39,144 shares of the company’s stock valued at $1,179,000 after acquiring an additional 4,717 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of InvenTrust Properties in the 4th quarter valued at about $473,000. LPL Financial LLC grew its position in shares of InvenTrust Properties by 6.3% in the 4th quarter. LPL Financial LLC now owns 157,959 shares of the company’s stock valued at $4,759,000 after acquiring an additional 9,360 shares during the period. Finally, Corebridge Financial Inc. grew its position in shares of InvenTrust Properties by 5.8% in the 4th quarter. Corebridge Financial Inc. now owns 38,539 shares of the company’s stock valued at $1,161,000 after acquiring an additional 2,101 shares during the period. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, BTIG Research initiated coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They issued a “buy” rating and a $31.00 price objective for the company. 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 presently has an average rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties Trading Up 0.1%

NYSE:IVT opened at $27.55 on Friday. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 119.77, a PEG ratio of 3.11 and a beta of 0.88. The firm has a fifty day simple moving average of $27.59 and a two-hundred day simple moving average of $28.38. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 413.04%.

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.