Russell Investments Group Ltd. Acquires 21,557 Shares of InvenTrust Properties Corp. $IVT

Key Points

• Russell Investments Group Ltd. increased its stake in InvenTrust Properties Corp. by 42.7%, acquiring an additional 21,557 shares in the first quarter.
• Wall Street analysts maintain a "Moderate Buy" rating on InvenTrust Properties, with a target price averaging $31.80.
• InvenTrust Properties recently increased its quarterly dividend to $0.2377 per share, reflecting a yield of 3.2%.

Russell Investments Group Ltd. grew its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 42.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 72,086 shares of the company's stock after purchasing an additional 21,557 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.09% of InvenTrust Properties worth $2,117,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Avalon Trust Co bought a new position in shares of InvenTrust Properties in the 1st quarter valued at about $36,000. GF Fund Management CO. LTD. bought a new position in shares of InvenTrust Properties in the 4th quarter valued at about $42,000. Quarry LP bought a new position in shares of InvenTrust Properties in the 4th quarter valued at about $53,000. Ameriflex Group Inc. bought a new position in shares of InvenTrust Properties in the 4th quarter valued at about $60,000. Finally, NewEdge Advisors LLC boosted its stake in shares of InvenTrust Properties by 29.4% in the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after purchasing an additional 465 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

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

InvenTrust Properties Stock Down 0.8%

InvenTrust Properties stock opened at $29.3850 on Tuesday. The company's 50 day simple moving average is $27.62 and its 200 day simple moving average is $28.14. InvenTrust Properties Corp. has a fifty-two week low of $25.21 and a fifty-two week high of $31.65. The firm has a market capitalization of $2.28 billion, a price-to-earnings ratio of 20.41, a PEG ratio of 3.23 and a beta of 0.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a yield of 3.2%. 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. InvenTrust Properties's payout ratio 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.

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