Calton & Associates Inc. Acquires 89,478 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Calton & Associates Inc. grew its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 327.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 116,780 shares of the company's stock after buying an additional 89,478 shares during the period. Calton & Associates Inc. owned approximately 0.15% of InvenTrust Properties worth $3,430,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Millennium Management LLC lifted its position in shares of InvenTrust Properties by 51.9% during the 4th quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock worth $74,039,000 after purchasing an additional 839,541 shares during the last quarter. Nuveen Asset Management LLC lifted its position in shares of InvenTrust Properties by 35.9% during the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after purchasing an additional 315,380 shares during the last quarter. Northern Trust Corp lifted its position in shares of InvenTrust Properties by 37.3% during the 4th quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock worth $30,574,000 after purchasing an additional 275,737 shares during the last quarter. Raymond James Financial Inc. bought a new position in InvenTrust Properties during the fourth quarter valued at about $7,109,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of InvenTrust Properties by 2,006.1% in the 4th quarter. Schonfeld Strategic Advisors LLC now owns 229,560 shares of the company's stock worth $6,917,000 after acquiring an additional 218,660 shares during the period. Institutional investors and hedge funds own 61.70% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on IVT shares. BTIG Research started coverage on InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 price objective on the stock. Wells Fargo & Company lowered their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, InvenTrust Properties has a consensus rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Stock Down 0.2%

Shares of NYSE:IVT traded down $0.06 during midday trading on Friday, reaching $26.96. The company had a trading volume of 336,914 shares, compared to its average volume of 429,623. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.42. The business's 50 day moving average price is $27.68 and its 200 day moving average price is $28.45. The stock has a market cap of $2.09 billion, a PE ratio of 117.22, a P/E/G ratio of 3.05 and a beta of 0.88. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors 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. This represents a $0.95 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend was Monday, June 30th. InvenTrust Properties's payout ratio is 413.04%.

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.