Dark Forest Capital Management LP Acquires New Position in InvenTrust Properties Corp. (NYSE:IVT)

Dark Forest Capital Management LP purchased a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 18,953 shares of the company's stock, valued at approximately $571,000.

A number of other large investors have also bought and sold shares of IVT. Millstone Evans Group LLC bought a new stake in shares of InvenTrust Properties in the 4th quarter worth approximately $27,000. Bernard Wealth Management Corp. bought a new stake in shares of InvenTrust Properties in the fourth quarter worth approximately $50,000. Jones Financial Companies Lllp grew its stake in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after acquiring an additional 1,026 shares during the period. NewEdge Advisors LLC grew its stake in shares of InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after acquiring an additional 465 shares during the period. Finally, FIL Ltd boosted its holdings in shares of InvenTrust Properties by 17.4% in the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after buying an additional 332 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Trading Up 0.5 %

NYSE:IVT traded up $0.14 during midday trading on Thursday, hitting $28.00. The stock had a trading volume of 203,048 shares, compared to its average volume of 416,101. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a 50-day moving average of $28.37 and a 200 day moving average of $29.46. The company has a market capitalization of $2.17 billion, a price-to-earnings ratio of 155.92, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a one year low of $23.69 and a one year high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. As a group, sell-side analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.39%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties's dividend payout ratio is presently 527.78%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. BTIG Research assumed coverage on shares of InvenTrust Properties in a report on Monday. They set a "buy" rating and a $31.00 price target on the stock. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $31.80.

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.