Charles Schwab Investment Management Inc. Grows Stake in InvenTrust Properties Corp. $IVT

Charles Schwab Investment Management Inc. boosted its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 2.8% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,314,430 shares of the company's stock after purchasing an additional 36,397 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.69% of InvenTrust Properties worth $38,605,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of IVT. Vanguard Group Inc. increased its holdings in shares of InvenTrust Properties by 1.7% in the 1st quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company's stock valued at $320,315,000 after acquiring an additional 181,423 shares during the period. Avalon Trust Co purchased a new position in shares of InvenTrust Properties in the 1st quarter valued at $36,000. US Bancorp DE increased its holdings in shares of InvenTrust Properties by 130.6% in the 1st quarter. US Bancorp DE now owns 10,530 shares of the company's stock valued at $309,000 after acquiring an additional 5,964 shares during the period. Arkadios Wealth Advisors purchased a new position in shares of InvenTrust Properties in the 1st quarter valued at $216,000. Finally, Picton Mahoney Asset Management purchased a new position in shares of InvenTrust Properties in the 1st quarter valued at $5,108,000. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Down 0.0%

Shares of IVT stock opened at $28.17 on Monday. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65. The stock's fifty day moving average price is $27.53 and its 200 day moving average price is $28.18. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The company has a market cap of $2.19 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 3.23 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.2377 per share. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. This represents a $0.95 annualized dividend and a yield of 3.4%. InvenTrust Properties's dividend payout ratio (DPR) is presently 65.97%.

Analyst Ratings Changes

Separately, BTIG Research initiated coverage on InvenTrust Properties in a report on Monday, April 28th. They issued a "buy" rating and a $31.00 price target on the stock. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price 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.

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