Strs Ohio Invests $429,000 in InvenTrust Properties Corp. $IVT

Key Points

• Strs Ohio has made a new investment in InvenTrust Properties Corp., acquiring 14,600 shares valued at approximately $429,000 during the first quarter of the year.
• InvenTrust Properties recently declared a quarterly dividend of $0.2377 per share, scheduled to be paid on October 15th, yielding an annualized 3.2%.
• Analyst ratings for InvenTrust Properties show a consensus of "Moderate Buy" with an average target price of $32.60, indicating positive investor sentiment.

Strs Ohio bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 14,600 shares of the company's stock, valued at approximately $429,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Avalon Trust Co acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at approximately $36,000. GF Fund Management CO. LTD. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at approximately $42,000. BI Asset Management Fondsmaeglerselskab A S acquired a new position in shares of InvenTrust Properties in the 1st quarter valued at approximately $57,000. Ameriflex Group Inc. acquired a new position in shares of InvenTrust Properties in the 4th quarter valued at approximately $60,000. Finally, Comerica Bank raised its position in shares of InvenTrust Properties by 80.5% in the 1st quarter. Comerica Bank now owns 2,245 shares of the company's stock valued at $66,000 after buying an additional 1,001 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on IVT. LADENBURG THALM/SH SH began coverage on shares of InvenTrust Properties in a research report on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 target price for the company. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research report on Wednesday, August 27th. Four analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $32.60.

InvenTrust Properties Stock Down 0.9%

Shares of NYSE IVT opened at $29.44 on Tuesday. The company has a market capitalization of $2.28 billion, a P/E ratio of 20.44, a price-to-earnings-growth ratio of 3.25 and a beta of 0.88. InvenTrust Properties Corp. has a 52-week low of $25.21 and a 52-week high of $31.65. The company has a debt-to-equity ratio of 0.41, a quick ratio of 5.26 and a current ratio of 5.26. The company's 50 day moving average price is $28.51 and its 200-day moving average price is $28.12.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.2377 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.2%. InvenTrust Properties's payout ratio is 65.97%.

InvenTrust Properties Company 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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