Two Sigma Investments LP Buys 41,398 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Two Sigma Investments LP grew its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 135.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 72,046 shares of the company's stock after purchasing an additional 41,398 shares during the quarter. Two Sigma Investments LP owned about 0.09% of InvenTrust Properties worth $2,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC bought a new position in InvenTrust Properties in the fourth quarter worth approximately $27,000. Bernard Wealth Management Corp. acquired a new position in shares of InvenTrust Properties during the fourth quarter worth approximately $50,000. Quarry LP bought a new position in shares of InvenTrust Properties in the 4th quarter worth $53,000. Jones Financial Companies Lllp grew its position in InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after purchasing an additional 1,026 shares during the period. Finally, NewEdge Advisors LLC increased its stake in InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after purchasing an additional 465 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

Shares of IVT traded down $0.23 on Thursday, reaching $27.61. 304,625 shares of the company's stock traded hands, compared to its average volume of 423,052. The stock's 50 day simple moving average is $27.72 and its two-hundred day simple moving average is $29.12. The stock has a market cap of $2.14 billion, a PE ratio of 153.36, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 52-week low of $24.06 and a 52-week high of $31.65. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.44%. 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 payout ratio is presently 413.04%.

Wall Street Analyst Weigh In

IVT has been the topic of several recent research reports. Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating on the stock. BTIG Research initiated 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. Finally, Wells Fargo & Company reduced their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.