Vanguard Group Inc. Acquires 181,423 Shares of InvenTrust Properties Corp. $IVT

Vanguard Group Inc. lifted its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 1.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 10,906,195 shares of the company's stock after purchasing an additional 181,423 shares during the period. Vanguard Group Inc. owned 14.06% of InvenTrust Properties worth $320,315,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its holdings in shares of InvenTrust Properties by 2.3% in the first quarter. Principal Financial Group Inc. now owns 4,461,835 shares of the company's stock valued at $131,044,000 after purchasing an additional 99,196 shares in the last quarter. Millennium Management LLC increased its position in InvenTrust Properties by 51.9% during the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock worth $74,039,000 after buying an additional 839,541 shares during the last quarter. Nuveen Asset Management LLC increased its position in InvenTrust Properties by 35.9% during the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after buying an additional 315,380 shares during the last quarter. Northern Trust Corp increased its position in InvenTrust Properties by 37.3% during the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock worth $30,574,000 after buying an additional 275,737 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in InvenTrust Properties by 9.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 908,307 shares of the company's stock worth $27,366,000 after buying an additional 77,299 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Price Performance

Shares of IVT stock traded up $1.1230 during trading on Friday, hitting $29.6130. The company had a trading volume of 387,708 shares, compared to its average volume of 417,701. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. The firm has a market capitalization of $2.30 billion, a P/E ratio of 20.56, a price-to-earnings-growth ratio of 3.11 and a beta of 0.88. The stock's 50-day moving average price is $27.59 and its 200 day moving average price is $28.17. InvenTrust Properties Corp. has a one year low of $25.21 and a one year high of $31.65.

InvenTrust Properties Increases Dividend

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

Wall Street Analysts Forecast Growth

Separately, BTIG Research started coverage on InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 price target on the stock. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, InvenTrust Properties has an average rating of "Moderate Buy" and an average price target of $31.80.

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.