Jacobs Levy Equity Management Inc. Boosts Stake in InvenTrust Properties Corp. $IVT

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in InvenTrust Properties Corp. by 13.5%, now holding 599,755 shares valued at approximately $17.62 million.
• Wells Fargo raised the target price for InvenTrust Properties from $32.00 to $34.00, with four analysts rating the stock as a Buy and two as a Hold, indicating a positive outlook.
• InvenTrust Properties announced a quarterly dividend increase to $0.2377 per share, reflecting a 3.2% yield and a dividend payout ratio of 65.97%.

Jacobs Levy Equity Management Inc. raised its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 13.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 599,755 shares of the company's stock after buying an additional 71,436 shares during the quarter. Jacobs Levy Equity Management Inc. owned approximately 0.77% of InvenTrust Properties worth $17,615,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Avalon Trust Co purchased a new stake in InvenTrust Properties in the 1st quarter valued at $36,000. GF Fund Management CO. LTD. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at $42,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at $57,000. Ameriflex Group Inc. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at $60,000. Finally, Comerica Bank lifted its stake in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company's stock valued at $66,000 after purchasing an additional 1,001 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. LADENBURG THALM/SH SH assumed coverage on InvenTrust Properties in a research note on Tuesday. They set a "neutral" rating and a $31.00 target price on the stock. Wells Fargo & Company increased their price objective on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a 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. Based on data from MarketBeat, InvenTrust Properties presently has a consensus rating of "Moderate Buy" and an average target price of $32.60.

InvenTrust Properties Stock Performance

Shares of NYSE:IVT traded down $0.13 during trading on Friday, reaching $29.82. The company had a trading volume of 74,001 shares, compared to its average volume of 409,398. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.71, a price-to-earnings-growth ratio of 3.21 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The stock's fifty day moving average price is $28.13 and its 200 day moving average price is $28.13. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65.

InvenTrust Properties Increases Dividend

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

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.