InvenTrust Properties Corp. $IVT Shares Sold by AlphaQuest LLC

Key Points

• AlphaQuest LLC reduced its stake in InvenTrust Properties Corp. by 66.4%, selling 28,011 shares and holding 14,176 shares worth $416,000 at the end of the reporting period.
• InvenTrust Properties has increased its quarterly dividend to $0.2377 per share, reflecting a yield of 3.3% and an annualized dividend of $0.95.
• The company's stock performance shows a 52-week range between $25.21 and $31.65, with a current opening price of $29.25.

AlphaQuest LLC reduced its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 66.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,176 shares of the company's stock after selling 28,011 shares during the period. AlphaQuest LLC's holdings in InvenTrust Properties were worth $416,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new position in InvenTrust Properties in the 1st quarter valued at about $36,000. GF Fund Management CO. LTD. purchased a new position in InvenTrust Properties in the 4th quarter valued at about $42,000. Quarry LP purchased a new position in InvenTrust Properties in the 4th quarter valued at about $53,000. BI Asset Management Fondsmaeglerselskab A S purchased a new position in InvenTrust Properties in the 1st quarter valued at about $57,000. Finally, Ameriflex Group Inc. purchased a new position in InvenTrust Properties in the 4th quarter valued at about $60,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $32.20.

InvenTrust Properties Stock Down 0.2%

Shares of InvenTrust Properties stock traded down $0.06 during trading on Monday, reaching $29.74. The company had a trading volume of 398,842 shares, compared to its average volume of 370,071. The company has a market cap of $2.31 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 3.25 and a beta of 0.88. The firm's fifty day moving average is $27.79 and its 200-day moving average is $28.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.2377 dividend. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.2%. InvenTrust Properties's dividend payout ratio (DPR) 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.