Quantbot Technologies LP Takes Position in InvenTrust Properties Corp. $IVT

Key Points

• Quantbot Technologies LP acquired a new stake in InvenTrust Properties Corp. valued at approximately $687,000, buying 23,400 shares in the first quarter.
• InvenTrust Properties recently declared a quarterly dividend of $0.2377, which is an increase from the previous $0.24, leading to a 3.2% dividend yield.
• BTIG Research initiated coverage on InvenTrust Properties with a "buy" rating and a target price of $31.00, contributing to an average rating of "Moderate Buy" from analysts.

Quantbot Technologies LP acquired a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 23,400 shares of the company's stock, valued at approximately $687,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest & Ethical Investments L.P. purchased a new stake in InvenTrust Properties in the 1st quarter valued at $292,000. American Century Companies Inc. grew its holdings in shares of InvenTrust Properties by 6.1% during the 1st quarter. American Century Companies Inc. now owns 24,399 shares of the company's stock worth $717,000 after purchasing an additional 1,408 shares during the period. Aberdeen Group plc grew its holdings in shares of InvenTrust Properties by 5.0% during the 1st quarter. Aberdeen Group plc now owns 28,710 shares of the company's stock worth $843,000 after purchasing an additional 1,371 shares during the period. Vision Capital Corp grew its holdings in shares of InvenTrust Properties by 290.9% during the 1st quarter. Vision Capital Corp now owns 350,000 shares of the company's stock worth $10,280,000 after purchasing an additional 260,457 shares during the period. Finally, Russell Investments Group Ltd. grew its holdings in shares of InvenTrust Properties by 42.7% during the 1st quarter. Russell Investments Group Ltd. now owns 72,086 shares of the company's stock worth $2,117,000 after purchasing an additional 21,557 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company increased their price target on InvenTrust Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $32.20.

InvenTrust Properties Trading Down 0.4%

InvenTrust Properties stock traded down $0.13 during midday trading on Friday, reaching $29.66. 162,095 shares of the stock traded hands, compared to its average volume of 409,796. The company has a 50-day simple moving average of $27.72 and a two-hundred day simple moving average of $28.16. InvenTrust Properties Corp. has a 12-month low of $25.21 and a 12-month high of $31.65. The firm has a market cap of $2.30 billion, a PE ratio of 20.57, a price-to-earnings-growth ratio of 3.24 and a beta of 0.88. 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 business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were paid a $0.2377 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, June 30th. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. InvenTrust Properties's dividend payout ratio (DPR) is 65.97%.

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.