InvenTrust Properties Corp. $IVT Shares Bought by Martingale Asset Management L P

Key Points

• Martingale Asset Management L P increased its stake in InvenTrust Properties Corp. by 23.6%, owning approximately 103,766 shares valued at $3,048,000 as of the latest SEC reporting.
• InvenTrust Properties recently declared a quarterly dividend of $0.2377 per share, an increase from its previous dividend, resulting in an annualized yield of 3.3%.
• BTIG Research initiated coverage with a buy rating for InvenTrust Properties, setting a price target of $31.00, while the stock currently has an average rating of "Moderate Buy".

Martingale Asset Management L P raised its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 23.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 103,766 shares of the company's stock after buying an additional 19,805 shares during the quarter. Martingale Asset Management L P owned about 0.13% of InvenTrust Properties worth $3,048,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Avalon Trust Co acquired a new position in shares of InvenTrust Properties during the first quarter valued at about $36,000. GF Fund Management CO. LTD. purchased a new stake in InvenTrust Properties during the 4th quarter worth approximately $42,000. Quarry LP acquired a new position in InvenTrust Properties during the 4th quarter valued at approximately $53,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in InvenTrust Properties during the 1st quarter valued at approximately $57,000. Finally, Ameriflex Group Inc. purchased a new position in shares of InvenTrust Properties in the fourth quarter worth $60,000. Institutional investors and hedge funds own 61.70% of the company's stock.

Wall Street Analyst Weigh In

Separately, BTIG Research began 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. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, InvenTrust Properties currently has an average rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Stock Down 0.1%

IVT stock opened at $28.4450 on Friday. The company has a market capitalization of $2.21 billion, a P/E ratio of 19.75, a price-to-earnings-growth ratio of 3.11 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 firm's fifty day simple moving average is $27.55 and its 200-day simple moving average is $28.17. 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 Increases Dividend

The business 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. The ex-dividend date of this dividend was Monday, June 30th. This represents a $0.95 annualized dividend and a yield of 3.3%. 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.

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