Chilton Capital Management LLC Grows Stock Position in InvenTrust Properties Corp. $IVT

Chilton Capital Management LLC lifted its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 286,754 shares of the company’s stock after purchasing an additional 34,841 shares during the period. Chilton Capital Management LLC owned about 0.37% of InvenTrust Properties worth $8,269,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVT. Y Intercept Hong Kong Ltd bought a new position in InvenTrust Properties in the third quarter worth approximately $671,000. Resona Asset Management Co. Ltd. raised its holdings in InvenTrust Properties by 11.0% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 34,660 shares of the company’s stock worth $997,000 after purchasing an additional 3,447 shares during the period. Teacher Retirement System of Texas lifted its position in InvenTrust Properties by 32.4% during the third quarter. Teacher Retirement System of Texas now owns 80,409 shares of the company’s stock valued at $2,301,000 after purchasing an additional 19,656 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in InvenTrust Properties by 33.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,994 shares of the company’s stock valued at $1,043,000 after purchasing an additional 9,451 shares during the period. Finally, Wolverine Asset Management LLC grew its holdings in InvenTrust Properties by 112.9% during the third quarter. Wolverine Asset Management LLC now owns 29,042 shares of the company’s stock valued at $831,000 after purchasing an additional 15,404 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company started coverage on shares of InvenTrust Properties in a report on Tuesday, October 21st. They issued an “overweight” rating and a $33.00 target price for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. JPMorgan Chase & Co. started coverage on shares of InvenTrust Properties in a research report on Friday, October 17th. They set a “neutral” rating and a $30.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a report on Monday, December 29th. Finally, Wall Street Zen lowered InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, InvenTrust Properties has an average rating of “Moderate Buy” and a consensus target price of $31.60.

InvenTrust Properties Price Performance

IVT stock opened at $28.74 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68. The company’s fifty day moving average price is $28.56 and its 200-day moving average price is $28.38. InvenTrust Properties Corp. has a one year low of $25.21 and a one year high of $31.04. The company has a market capitalization of $2.23 billion, a PE ratio of 18.78, a price-to-earnings-growth ratio of 3.04 and a beta of 0.85.

InvenTrust Properties (NYSE:IVT) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.37). The company had revenue of $74.47 million during the quarter, compared to the consensus estimate of $73.57 million. InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. On average, equities analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were issued a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, December 30th. InvenTrust Properties’s payout ratio is 62.09%.

InvenTrust Properties Profile

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.