Dynamic Technology Lab Private Ltd Invests $632,000 in InvenTrust Properties Corp. $IVT

Key Points

• Dynamic Technology Lab Private Ltd has acquired 21,524 shares of InvenTrust Properties Corp. during Q1, valued at approximately $632,000.
• InvenTrust Properties has declared an increased quarterly dividend of $0.2377 per share, representing a 3.3% dividend yield.
• Research firms including Wells Fargo have set a new target price for InvenTrust Properties at $34.00, with a consensus rating of "Moderate Buy."

Dynamic Technology Lab Private Ltd acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 21,524 shares of the company's stock, valued at approximately $632,000.

Several other institutional investors and hedge funds have also modified their holdings of the company. State of Alaska Department of Revenue lifted its stake in shares of InvenTrust Properties by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock valued at $1,103,000 after buying an additional 475 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in InvenTrust Properties by 6.1% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company's stock worth $260,000 after purchasing an additional 506 shares during the period. Cerity Partners LLC raised its stake in InvenTrust Properties by 3.8% during the first quarter. Cerity Partners LLC now owns 14,844 shares of the company's stock worth $436,000 after purchasing an additional 545 shares during the period. Comerica Bank raised its stake in InvenTrust Properties by 80.5% during the first quarter. Comerica Bank now owns 2,245 shares of the company's stock worth $66,000 after purchasing an additional 1,001 shares during the period. Finally, Wealth Enhancement Advisory Services LLC raised its stake in InvenTrust Properties by 6.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company's stock worth $501,000 after purchasing an additional 1,040 shares during the period. Hedge funds and other institutional investors own 61.70% of the company's stock.

Analyst Ratings Changes

IVT has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH initiated coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They set a "neutral" rating and a $31.00 price target on the stock. Wells Fargo & Company increased their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $32.60.

InvenTrust Properties Stock Down 0.5%

IVT stock traded down $0.15 during mid-day trading on Monday, hitting $29.92. 44,418 shares of the company were exchanged, compared to its average volume of 409,284. The company has a market capitalization of $2.32 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 3.28 and a beta of 0.88. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41. InvenTrust Properties Corp. has a twelve month low of $25.21 and a twelve month high of $31.65. The firm has a fifty day simple moving average of $28.18 and a 200 day simple moving average of $28.12.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were given a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date was Monday, June 30th. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's payout ratio is 65.97%.

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.