Picton Mahoney Asset Management Invests $5.11 Million in InvenTrust Properties Corp. (NYSE:IVT)

Picton Mahoney Asset Management purchased a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 173,872 shares of the company's stock, valued at approximately $5,108,000. Picton Mahoney Asset Management owned approximately 0.22% of InvenTrust Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. FIL Ltd grew its position in InvenTrust Properties by 17.4% in the 4th quarter. FIL Ltd now owns 2,240 shares of the company's stock valued at $67,000 after acquiring an additional 332 shares during the last quarter. NewEdge Advisors LLC grew its holdings in InvenTrust Properties by 29.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after acquiring an additional 465 shares during the period. State of Alaska Department of Revenue boosted its position in InvenTrust Properties by 1.3% during the first quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company's stock worth $1,103,000 after purchasing an additional 475 shares in the last quarter. Cerity Partners LLC boosted its stake in shares of InvenTrust Properties by 3.8% in the first quarter. Cerity Partners LLC now owns 14,844 shares of the company's stock worth $436,000 after acquiring an additional 545 shares during the last quarter. Finally, American Century Companies Inc. grew its holdings in InvenTrust Properties by 4.7% in the 4th quarter. American Century Companies Inc. now owns 22,991 shares of the company's stock valued at $693,000 after buying an additional 1,040 shares in the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, BTIG Research assumed coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, InvenTrust Properties currently has a consensus rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Trading Up 0.1%

Shares of NYSE:IVT traded up $0.04 during midday trading on Wednesday, reaching $27.93. The company's stock had a trading volume of 758,625 shares, compared to its average volume of 390,695. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 19.40, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88. The business has a 50 day moving average price of $27.58 and a 200 day moving average price of $28.35. InvenTrust Properties Corp. has a 1 year low of $25.21 and a 1 year high of $31.65. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.42.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were given a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.40%. 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. InvenTrust Properties's payout ratio is 413.04%.

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.