Picton Mahoney Asset Management Buys New Position in InvenTrust Properties Corp. (NYSE:IVT)

Picton Mahoney Asset Management acquired a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 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 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in the business. American Century Companies Inc. boosted its stake in InvenTrust Properties by 4.7% in the fourth quarter. American Century Companies Inc. now owns 22,991 shares of the company's stock worth $693,000 after purchasing an additional 1,040 shares in the last quarter. Sei Investments Co. boosted its position in InvenTrust Properties by 13.7% during the fourth quarter. Sei Investments Co. now owns 39,144 shares of the company's stock valued at $1,179,000 after purchasing an additional 4,717 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in InvenTrust Properties during the fourth quarter valued at approximately $473,000. LPL Financial LLC boosted its stake in shares of InvenTrust Properties by 6.3% during the 4th quarter. LPL Financial LLC now owns 157,959 shares of the company's stock worth $4,759,000 after acquiring an additional 9,360 shares during the period. Finally, Corebridge Financial Inc. boosted its stake in shares of InvenTrust Properties by 5.8% during the 4th quarter. Corebridge Financial Inc. now owns 38,539 shares of the company's stock worth $1,161,000 after acquiring an additional 2,101 shares during the period. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock traded down $0.57 during trading on Friday, reaching $27.00. 755,872 shares of the company's stock were exchanged, compared to its average volume of 423,593. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65. The firm's 50-day moving average price is $27.59 and its 200 day moving average price is $28.33. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.43 and a current ratio of 5.26. The company has a market cap of $2.10 billion, a P/E ratio of 18.75, a PEG ratio of 3.16 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th were issued a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Monday, June 30th. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's payout ratio is currently 65.97%.

Analysts Set New Price Targets

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

InvenTrust Properties 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.