InvenTrust Properties Corp. (NYSE:IVT) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 129.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,626 shares of the company's stock after buying an additional 17,870 shares during the period. Squarepoint Ops LLC's holdings in InvenTrust Properties were worth $953,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVT. Millstone Evans Group LLC purchased a new position in shares of InvenTrust Properties in the fourth quarter valued at $27,000. Bernard Wealth Management Corp. acquired a new stake in InvenTrust Properties during the 4th quarter valued at $50,000. Quarry LP purchased a new position in InvenTrust Properties during the fourth quarter worth $53,000. Jones Financial Companies Lllp raised its holdings in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after acquiring an additional 1,026 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its position in shares of InvenTrust Properties by 29.4% in the fourth 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 currently owned by institutional investors and hedge funds.

InvenTrust Properties Trading Down 0.9%

NYSE IVT traded down $0.25 during trading hours on Tuesday, hitting $27.75. 294,719 shares of the company's stock were exchanged, compared to its average volume of 422,582. The business's 50 day moving average is $27.81 and its 200-day moving average is $29.15. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a 12-month low of $24.06 and a 12-month high of $31.65. The firm has a market capitalization of $2.15 billion, a P/E ratio of 154.17, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.2376 per share. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.42%. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio is presently 413.04%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. BTIG Research initiated coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They issued a "buy" rating and a $31.00 price objective for the company. Finally, Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus 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.