Bank of New York Mellon Corp Buys Shares of 546,723 InvenTrust Properties Corp. $IVT

Key Points

• Bank of New York Mellon initiated a sizable position in InvenTrust Properties, purchasing 546,723 shares valued at approximately $19.4 million, or about 0.70% of the company. Institutional investors collectively own 61.7% of IVT.
• InvenTrust reported quarterly revenue of $82.83 million, slightly above estimates, but earnings per share of $0.02 missed the $0.04 consensus. The company reaffirmed fiscal 2026 guidance of $1.92–$1.96 EPS.
• IVT pays a quarterly dividend of $0.25 per share, equivalent to a 3.1% annualized yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $35.14, compared with a recent share price of $32.31.

Bank of New York Mellon Corp bought a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 546,723 shares of the company's stock, valued at approximately $19,354,000. Bank of New York Mellon Corp owned approximately 0.70% of InvenTrust Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Cassaday & Co Wealth Management LLC purchased a new position in InvenTrust Properties during the 1st quarter valued at about $29,000. EverSource Wealth Advisors LLC lifted its position in shares of InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $38,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC lifted its position in shares of InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company's stock worth $39,000 after purchasing an additional 621 shares in the last quarter. Danske Bank A S boosted its holdings in shares of InvenTrust Properties by 220.0% during the fourth quarter. Danske Bank A S now owns 1,600 shares of the company's stock worth $45,000 after purchasing an additional 1,100 shares during the period. Finally, Prosperity Bancshares Inc acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Trading Down 0.7%

Shares of NYSE:IVT opened at $32.31 on Tuesday. The company has a current ratio of 1.73, a quick ratio of 1.73 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $2.52 billion, a PE ratio of 161.55, a P/E/G ratio of 2.65 and a beta of 0.78. InvenTrust Properties Corp. has a 1 year low of $26.81 and a 1 year high of $37.22. The firm has a fifty day moving average price of $34.67 and a 200 day moving average price of $32.91.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its earnings results on Monday, August 3rd. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). InvenTrust Properties had a net margin of 4.80% and a return on equity of 0.85%. The company had revenue of $82.83 million for the quarter, compared to the consensus estimate of $82.44 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. Analysts expect that InvenTrust Properties Corp. will post 1.95 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.1%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties's dividend payout ratio (DPR) is 500.00%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on IVT. JPMorgan Chase & Co. upped their price target on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a "hold neutral" rating in a research note on Wednesday, May 6th. Jefferies Financial Group raised InvenTrust Properties to a "strong-buy" rating in a research report on Friday, June 26th. BTIG Research restated a "buy" rating and issued a $37.00 target price on shares of InvenTrust Properties in a research note on Friday. Bank of America upped their target price on InvenTrust Properties from $37.00 to $38.00 and gave the stock a "buy" rating in a research report on Monday, June 29th. Finally, Weiss Ratings downgraded InvenTrust Properties from a "buy (b)" rating to a "hold (c)" rating in a research note on Thursday, August 13th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $35.14.

InvenTrust Properties Company 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.

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