D. E. Shaw & Co. Inc. Trims Stake in InvenTrust Properties Corp. (NYSE:IVT)

D. E. Shaw & Co. Inc. lowered its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 10.5% during the 4th quarter, according to the company in 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 period. D. E. Shaw & Co. Inc. owned approximately 0.16% of InvenTrust Properties worth $3,739,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Barclays PLC increased its holdings in InvenTrust Properties by 285.3% during the 3rd quarter. Barclays PLC now owns 109,027 shares of the company's stock valued at $3,093,000 after purchasing an additional 80,728 shares during the period. Entropy Technologies LP purchased a new position in InvenTrust Properties during the 4th quarter valued at about $536,000. New Age Alpha Advisors LLC purchased a new position in InvenTrust Properties during the 4th quarter valued at about $848,000. Rhumbline Advisers boosted its position in InvenTrust Properties by 11.2% during the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company's stock valued at $4,092,000 after acquiring an additional 13,722 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after acquiring an additional 98,366 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on IVT. Wolfe Research began coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Wells Fargo & Company dropped their price target on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, BTIG Research initiated coverage on InvenTrust Properties in a research report on Monday, April 28th. They issued a "buy" rating and a $31.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, InvenTrust Properties has an average rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Stock Performance

Shares of NYSE IVT traded down $0.03 during midday trading on Friday, hitting $27.34. 433,712 shares of the stock traded hands, compared to its average volume of 422,224. The firm has a 50-day moving average of $27.96 and a two-hundred day moving average of $29.28. The firm has a market capitalization of $2.12 billion, a P/E ratio of 151.89, a PEG ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a one year low of $23.69 and a one year high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.48%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio is presently 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.