Squarepoint Ops LLC Raises Stake in InvenTrust Properties Corp. (NYSE:IVT)

Squarepoint Ops LLC grew its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 129.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,626 shares of the company's stock after purchasing an additional 17,870 shares during the quarter. Squarepoint Ops LLC's holdings in InvenTrust Properties were worth $953,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. FIL Ltd increased its stake in shares of InvenTrust Properties by 17.4% in the 4th quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after acquiring an additional 332 shares in the last quarter. Allworth Financial LP grew its position in InvenTrust Properties by 4.4% during the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares during the last quarter. NewEdge Advisors LLC grew its position in InvenTrust Properties by 29.4% during 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. EntryPoint Capital LLC grew its position in InvenTrust Properties by 7.5% during the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after purchasing an additional 682 shares during the last quarter. Finally, US Bancorp DE grew its position in InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Performance

Shares of NYSE IVT traded down $0.23 during trading on Thursday, reaching $27.61. 304,625 shares of the company traded hands, compared to its average volume of 423,052. The firm has a 50 day simple moving average of $27.72 and a 200-day simple moving average of $29.12. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $2.14 billion, a PE ratio of 153.36, a P/E/G ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 52-week low of $24.06 and a 52-week high of $31.65.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were issued a $0.2376 dividend. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.44%. InvenTrust Properties's dividend payout ratio (DPR) is presently 413.04%.

Analysts Set New Price Targets

Several analysts recently commented on IVT shares. Wells Fargo & Company cut their price objective 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. Wolfe Research started coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. Finally, BTIG Research initiated coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They set a "buy" rating and a $31.00 price objective on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, InvenTrust Properties has a consensus 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.