Universal Beteiligungs und Servicegesellschaft mbH Invests $801,000 in InvenTrust Properties Corp. (NYSE:IVT)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH has invested approximately $801,000 by acquiring 27,283 shares in InvenTrust Properties Corp. (NYSE:IVT) during the first quarter.
• InvenTrust Properties recently increased its quarterly dividend to $0.2377 per share, reflecting a dividend yield of 3.5% and a payout ratio of 65.97%.
• Analysts have rated InvenTrust Properties with an average rating of "Moderate Buy" and a target price of $31.80, signaling positive market sentiment.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,283 shares of the company's stock, valued at approximately $801,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Millennium Management LLC grew its holdings in InvenTrust Properties by 51.9% during the fourth quarter. Millennium Management LLC now owns 2,457,305 shares of the company's stock valued at $74,039,000 after purchasing an additional 839,541 shares during the last quarter. Nuveen Asset Management LLC grew its stake in shares of InvenTrust Properties by 35.9% in the fourth quarter. Nuveen Asset Management LLC now owns 1,193,690 shares of the company's stock worth $35,966,000 after acquiring an additional 315,380 shares during the last quarter. Northern Trust Corp grew its stake in shares of InvenTrust Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock worth $30,574,000 after acquiring an additional 275,737 shares during the last quarter. Raymond James Financial Inc. bought a new position in InvenTrust Properties in the fourth quarter worth $7,109,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in InvenTrust Properties by 2,006.1% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 229,560 shares of the company's stock worth $6,917,000 after purchasing an additional 218,660 shares during the period. Institutional investors and hedge funds own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

Separately, BTIG Research assumed coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 price objective on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Stock Performance

NYSE IVT traded down $0.12 on Wednesday, reaching $27.56. The stock had a trading volume of 76,933 shares, compared to its average volume of 412,881. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. The firm has a fifty day moving average of $27.58 and a two-hundred day moving average of $28.30. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65. The company has a market cap of $2.14 billion, a P/E ratio of 19.13, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were paid a $0.2377 dividend. This represents a $0.95 annualized dividend and a yield of 3.5%. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Monday, June 30th. InvenTrust Properties's payout ratio is 65.97%.

About InvenTrust Properties

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.