InvenTrust Properties Corp. $IVT Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 2.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,314,430 shares of the company's stock after acquiring an additional 36,397 shares during the period. Charles Schwab Investment Management Inc. owned about 1.69% of InvenTrust Properties worth $38,605,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IVT. Avalon Trust Co purchased a new stake in shares of InvenTrust Properties during the first quarter worth about $36,000. GF Fund Management CO. LTD. purchased a new stake in InvenTrust Properties in the fourth quarter valued at approximately $42,000. Quarry LP purchased a new stake in InvenTrust Properties in the fourth quarter valued at approximately $53,000. Ameriflex Group Inc. purchased a new stake in InvenTrust Properties in the fourth quarter valued at approximately $60,000. Finally, NewEdge Advisors LLC grew its holdings in InvenTrust Properties by 29.4% in the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after purchasing an additional 465 shares during the period. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BTIG Research initiated coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They issued a "buy" rating and a $31.00 target price for the company. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, InvenTrust Properties currently has an average rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Trading Up 2.8%

IVT stock traded up $0.7950 during midday trading on Friday, reaching $29.2850. 46,252 shares of the company's stock traded hands, compared to its average volume of 411,285. The company has a market capitalization of $2.27 billion, a P/E ratio of 20.30, a PEG ratio of 3.11 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick 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. The business has a 50-day moving average price of $27.55 and a two-hundred day moving average price of $28.17.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.2%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 30th. InvenTrust Properties's dividend payout ratio is presently 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.