Merit Financial Group LLC Purchases Shares of 10,079 InvenTrust Properties Corp. (NYSE:IVT)

Merit Financial Group LLC purchased a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,079 shares of the company's stock, valued at approximately $296,000.

A number of other hedge funds also recently modified their holdings of IVT. State of Alaska Department of Revenue raised its position in shares of InvenTrust Properties by 14.9% during the fourth quarter. State of Alaska Department of Revenue now owns 37,112 shares of the company's stock worth $1,117,000 after purchasing an additional 4,804 shares during the period. Strategic Financial Concepts LLC acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth about $545,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of InvenTrust Properties by 4.2% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 84,921 shares of the company's stock worth $2,559,000 after purchasing an additional 3,451 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its position in shares of InvenTrust Properties by 37.9% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,365 shares of the company's stock worth $493,000 after purchasing an additional 4,499 shares during the period. Finally, Apollon Wealth Management LLC raised its position in shares of InvenTrust Properties by 12.6% during the fourth quarter. Apollon Wealth Management LLC now owns 14,769 shares of the company's stock worth $445,000 after purchasing an additional 1,654 shares during the period. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Stock Down 1.4%

InvenTrust Properties stock traded down $0.40 during midday trading on Friday, reaching $27.76. The stock had a trading volume of 332,258 shares, compared to its average volume of 422,582. The firm's fifty day simple moving average is $27.75 and its 200-day simple moving average is $29.00. InvenTrust Properties Corp. has a 1-year low of $24.13 and a 1-year high of $31.65. The stock has a market capitalization of $2.15 billion, a P/E ratio of 154.22, a price-to-earnings-growth ratio of 3.34 and a beta of 0.90. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. BTIG Research assumed 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. Wells Fargo & Company dropped their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Finally, Wolfe Research initiated coverage on InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, InvenTrust Properties has a consensus rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Company 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.