Nuveen LLC Takes $30.62 Million Position in InvenTrust Properties Corp. $IVT

Key Points

• Nuveen LLC acquired approximately 1,042,550 shares of InvenTrust Properties Corp. (NYSE:IVT), valued at around $30.62 million, representing about 1.34% of the company's total shares.
• InvenTrust recently announced a quarterly dividend of $0.2377 per share, marking an increase from the previous dividend, with a current annualized yield of 3.4%.
• Analysts have given the stock a consensus rating of "Moderate Buy", with a price target of $31.80 from multiple ratings indicating optimism in its performance.

Nuveen LLC bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,042,550 shares of the company's stock, valued at approximately $30,620,000. Nuveen LLC owned about 1.34% of InvenTrust Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVT. Wells Fargo & Company MN increased its holdings in InvenTrust Properties by 24.4% in the 4th quarter. Wells Fargo & Company MN now owns 72,359 shares of the company's stock worth $2,180,000 after buying an additional 14,178 shares during the period. Invesco Ltd. increased its holdings in InvenTrust Properties by 1.0% in the 4th quarter. Invesco Ltd. now owns 245,541 shares of the company's stock worth $7,398,000 after buying an additional 2,348 shares during the period. Raymond James Financial Inc. acquired a new position in InvenTrust Properties in the 4th quarter worth approximately $7,109,000. Summit Investment Advisors Inc. increased its holdings in InvenTrust Properties by 20.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 8,109 shares of the company's stock worth $244,000 after buying an additional 1,349 shares during the period. Finally, Barclays PLC increased its holdings in InvenTrust Properties by 24.6% in the 4th quarter. Barclays PLC now owns 135,879 shares of the company's stock worth $4,094,000 after buying an additional 26,852 shares during the period. Institutional investors and hedge funds own 61.70% of the company's stock.

Analysts Set New Price Targets

Separately, BTIG Research assumed coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They issued a "buy" rating and a $31.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Stock Performance

InvenTrust Properties stock traded up $0.7950 during mid-day trading on Friday, hitting $29.2850. The company had a trading volume of 46,252 shares, compared to its average volume of 411,285. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41. InvenTrust Properties Corp. has a 12-month low of $25.21 and a 12-month high of $31.65. The company's fifty day moving average is $27.55 and its 200-day moving average is $28.17. The company has a market capitalization of $2.27 billion, a price-to-earnings ratio of 20.30, a P/E/G ratio of 3.11 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a $0.2377 dividend. The ex-dividend date was Monday, June 30th. This represents a $0.95 annualized dividend and a yield of 3.2%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's payout ratio is currently 65.97%.

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.