Northwest & Ethical Investments L.P. Invests $292,000 in InvenTrust Properties Corp. $IVT

Key Points

• Northwest & Ethical Investments L.P. has acquired a new position in InvenTrust Properties Corp. by purchasing nearly 10,000 shares valued at approximately $292,000.
• InvenTrust Properties recently announced a quarterly dividend of $0.2377 per share, reflecting a slight decrease from the previous dividend and an annualized yield of 3.3%.
• BTIG Research has initiated coverage on InvenTrust Properties with a "buy" rating and a price target of $31.00, contributing to the stock's consensus rating of "Moderate Buy" and an average target price of $31.80.

Northwest & Ethical Investments L.P. bought a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 9,942 shares of the company's stock, valued at approximately $292,000.

A number of other institutional investors also recently made changes to their positions in IVT. Wells Fargo & Company MN raised its position in shares of InvenTrust Properties by 24.4% in the 4th quarter. Wells Fargo & Company MN now owns 72,359 shares of the company's stock valued at $2,180,000 after purchasing an additional 14,178 shares in the last quarter. Invesco Ltd. raised its position in shares of InvenTrust Properties by 1.0% during the 4th quarter. Invesco Ltd. now owns 245,541 shares of the company's stock valued at $7,398,000 after acquiring an additional 2,348 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of InvenTrust Properties during the 4th quarter valued at approximately $7,109,000. Barclays PLC raised its position in shares of InvenTrust Properties by 24.6% during the 4th quarter. Barclays PLC now owns 135,879 shares of the company's stock valued at $4,094,000 after acquiring an additional 26,852 shares in the last quarter. Finally, NewEdge Advisors LLC raised its position in shares of 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 acquiring an additional 465 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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 issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Stock Performance

NYSE IVT traded down $0.15 during trading hours on Tuesday, hitting $29.25. The company had a trading volume of 402,988 shares, compared to its average volume of 411,150. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. The business has a fifty day simple moving average of $27.65 and a 200-day simple moving average of $28.15. The firm has a market cap of $2.27 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 3.21 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders 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 a positive change from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a dividend yield of 3.3%. InvenTrust Properties's dividend payout ratio (DPR) is currently 65.97%.

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.