Two Sigma Advisers LP Invests $548,000 in InvenTrust Properties Corp. (NYSE:IVT)

Two Sigma Advisers LP bought a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,200 shares of the company's stock, valued at approximately $548,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Millstone Evans Group LLC purchased a new position in shares of InvenTrust Properties in the fourth quarter valued at about $27,000. Bernard Wealth Management Corp. bought a new stake in InvenTrust Properties during the fourth quarter worth approximately $50,000. Quarry LP bought a new stake in InvenTrust Properties during the fourth quarter worth approximately $53,000. Jones Financial Companies Lllp increased its stake in InvenTrust Properties by 123.3% during 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 grew its stake in shares of InvenTrust Properties by 29.4% during the fourth quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock valued at $62,000 after buying an additional 465 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Wells Fargo & Company cut their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday, March 26th. BTIG Research initiated coverage on InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Finally, Wolfe Research assumed coverage on InvenTrust Properties in a report on Thursday, March 20th. They set a "peer perform" rating for the company. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $31.80.

InvenTrust Properties Stock Performance

Shares of NYSE IVT traded up $0.47 during mid-day trading on Friday, hitting $28.09. The stock had a trading volume of 274,804 shares, compared to its average volume of 423,457. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The company has a 50 day moving average of $27.69 and a two-hundred day moving average of $29.08. InvenTrust Properties Corp. has a twelve month low of $24.06 and a twelve month high of $31.65. The firm has a market cap of $2.18 billion, a PE ratio of 156.06, a PEG ratio of 3.34 and a beta of 0.93.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were given a dividend of $0.2376 per share. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.38%. The ex-dividend date was Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is currently 413.04%.

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.