InvenTrust Properties Corp. $IVT Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,906,195 shares of the company’s stock after acquiring an additional 181,423 shares during the period. Vanguard Group Inc. owned about 14.06% of InvenTrust Properties worth $320,315,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Avalon Trust Co acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at about $36,000. US Bancorp DE boosted its holdings in shares of InvenTrust Properties by 130.6% in the 1st quarter. US Bancorp DE now owns 10,530 shares of the company’s stock valued at $309,000 after buying an additional 5,964 shares during the period. Arkadios Wealth Advisors acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at about $216,000. Picton Mahoney Asset Management acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at about $5,108,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of InvenTrust Properties by 7.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,551 shares of the company’s stock valued at $1,543,000 after buying an additional 3,679 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Trading Down 0.0%

InvenTrust Properties stock opened at $28.17 on Monday. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. The firm has a 50-day moving average price of $27.53 and a two-hundred day moving average price of $28.18. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 3.23 and a beta of 0.88. InvenTrust Properties Corp. has a 52-week low of $25.21 and a 52-week high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Monday, June 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio (DPR) is presently 65.97%.

Analyst Ratings Changes

Separately, BTIG Research began coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They issued a “buy” rating and a $31.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.80.

About InvenTrust Properties

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.