D. E. Shaw & Co. Inc. Sells 14,500 Shares of InvenTrust Properties Corp. (NYSE:IVT)

D. E. Shaw & Co. Inc. cut its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 124,088 shares of the company's stock after selling 14,500 shares during the quarter. D. E. Shaw & Co. Inc. owned 0.16% of InvenTrust Properties worth $3,739,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Millstone Evans Group LLC acquired a new position in InvenTrust Properties during the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. bought a new stake in shares of InvenTrust Properties in the fourth quarter worth $50,000. Quarry LP acquired a new position in InvenTrust Properties in the fourth quarter valued at $53,000. Jones Financial Companies Lllp lifted its holdings in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after buying an additional 1,026 shares during the period. Finally, NewEdge Advisors LLC lifted 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 buying an additional 465 shares during the period. 61.70% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on IVT shares. BTIG Research initiated coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 price objective on the stock. Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. Finally, Wells Fargo & Company decreased their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company 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 company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Stock Up 0.4%

InvenTrust Properties stock opened at $28.43 on Monday. InvenTrust Properties Corp. has a twelve month low of $23.69 and a twelve month high of $31.65. The firm has a 50 day moving average price of $28.08 and a 200-day moving average price of $29.35. The company has a market capitalization of $2.21 billion, a P/E ratio of 157.94, a P/E/G ratio of 3.34 and a beta of 0.93. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were given a dividend of $0.2376 per share. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Monday, March 31st. InvenTrust Properties's dividend payout ratio is currently 413.04%.

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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