Jump Financial LLC Invests $1.88 Million in InvenTrust Properties Corp. $IVT

Key Points

• Jump Financial LLC has made a new investment of approximately $1.88 million in InvenTrust Properties Corp., acquiring 63,868 shares during the first quarter.
• InvenTrust Properties recently announced an increase in its quarterly dividend to $0.2377 per share, representing a 3.2% dividend yield.
• Wells Fargo has raised its price target for InvenTrust Properties from $32.00 to $34.00, indicating a positive outlook with a current consensus rating of "Moderate Buy."

Jump Financial LLC acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 63,868 shares of the company's stock, valued at approximately $1,876,000. Jump Financial LLC owned 0.08% of InvenTrust Properties at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in InvenTrust Properties by 6.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 17,044 shares of the company's stock valued at $501,000 after acquiring an additional 1,040 shares during the period. Nuveen Asset Management LLC boosted its stake in InvenTrust Properties by 35.9% in the 4th quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after purchasing an additional 315,380 shares during the period. Park Avenue Securities LLC bought a new stake in shares of InvenTrust Properties during the first quarter valued at approximately $239,000. BNP Paribas Financial Markets bought a new position in shares of InvenTrust Properties during the fourth quarter worth $270,000. Finally, Merit Financial Group LLC bought a new position in shares of InvenTrust Properties during the 1st quarter valued at about $296,000. Institutional investors own 61.70% of the company's stock.

Analysts Set New Price Targets

Separately, Wells Fargo & Company increased their price target on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.20.

InvenTrust Properties Trading Down 0.2%

Shares of NYSE IVT traded down $0.06 during trading hours on Monday, hitting $29.74. 398,842 shares of the company traded hands, compared to its average volume of 370,071. The stock has a market capitalization of $2.31 billion, a price-to-earnings ratio of 20.65, a price-to-earnings-growth ratio of 3.25 and a beta of 0.88. The company's 50 day moving average price is $27.76 and its 200 day moving average price is $28.12. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were paid 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 annualized dividend and a yield of 3.2%. InvenTrust Properties's payout ratio is 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.