Dark Forest Capital Management LP Has $3.55 Million Stake in InvenTrust Properties Corp. $IVT

Key Points

• Dark Forest Capital Management LP significantly increased its stake in InvenTrust Properties Corp. by 537.3% in the first quarter, now owning approximately 120,795 shares valued at $3.55 million.
• The company declared a quarterly dividend of $0.2377 per share, marking a slight increase from the previous quarter's dividend, which translates to an annualized dividend yield of 3.2%.
• Wells Fargo & Company upgraded InvenTrust's price target from $32.00 to $34.00 and designated the stock with an "overweight" rating, contributing to a consensus rating of "Moderate Buy."

Dark Forest Capital Management LP raised its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 537.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 120,795 shares of the company's stock after buying an additional 101,842 shares during the period. Dark Forest Capital Management LP owned about 0.16% of InvenTrust Properties worth $3,548,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in IVT. Calton & Associates Inc. boosted its holdings in InvenTrust Properties by 9.4% in the 1st quarter. Calton & Associates Inc. now owns 29,873 shares of the company's stock valued at $877,000 after purchasing an additional 2,571 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in InvenTrust Properties in the 1st quarter valued at $2,870,000. State of Wyoming raised its holdings in InvenTrust Properties by 38.3% in the 1st quarter. State of Wyoming now owns 15,003 shares of the company's stock valued at $441,000 after acquiring an additional 4,157 shares during the last quarter. Comerica Bank grew its stake in shares of InvenTrust Properties by 80.5% during the 1st quarter. Comerica Bank now owns 2,245 shares of the company's stock valued at $66,000 after buying an additional 1,001 shares during the period. Finally, Jump Financial LLC purchased a new stake in shares of InvenTrust Properties during the 1st quarter valued at $1,876,000. Hedge funds and other institutional investors own 61.70% of the company's stock.

InvenTrust Properties Price Performance

NYSE:IVT traded down $0.40 during trading hours on Monday, reaching $29.57. 45,466 shares of the company's stock were exchanged, compared to its average volume of 407,240. The company has a market capitalization of $2.29 billion, a P/E ratio of 20.53, a price-to-earnings-growth ratio of 3.27 and a beta of 0.88. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. The business's 50-day simple moving average is $27.96 and its two-hundred day simple moving average is $28.11.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.2377 dividend. The ex-dividend date of this dividend was Monday, June 30th. 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. InvenTrust Properties's dividend payout ratio (DPR) is 65.97%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research report 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. Based on data from MarketBeat, InvenTrust Properties presently has an average rating of "Moderate Buy" and an average target price of $32.20.

About InvenTrust Properties

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.