VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in InvenTrust Properties Corp. $IVT

Key Points

• The Virginia Retirement Systems ET Al acquired 177,800 shares of InvenTrust Properties Corp. (NYSE: IVT), valued at approximately $4.87 million, increasing its stake to 0.23% as of the latest quarter.
• InvenTrust Properties declared a quarterly dividend of $0.2377, resulting in an annualized yield of 3.4% and a payout ratio of approximately 65.97%.
• Analysts have mixed perspectives on the stock, with a consensus rating of "Moderate Buy" and a target price averaging $32.00, with Wells Fargo recently raising their price target to $34.00.

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 177,800 shares of the company's stock, valued at approximately $4,872,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned 0.23% of InvenTrust Properties at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its position in shares of InvenTrust Properties by 1.7% during the first quarter. Vanguard Group Inc. now owns 10,906,195 shares of the company's stock valued at $320,315,000 after purchasing an additional 181,423 shares during the period. Principal Financial Group Inc. increased its position in shares of InvenTrust Properties by 2.3% during the first quarter. Principal Financial Group Inc. now owns 4,461,835 shares of the company's stock valued at $131,044,000 after purchasing an additional 99,196 shares during the period. Millennium Management LLC increased its position in shares of InvenTrust Properties by 6.8% during the first quarter. Millennium Management LLC now owns 2,624,186 shares of the company's stock valued at $77,072,000 after purchasing an additional 166,881 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of InvenTrust Properties by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 1,314,430 shares of the company's stock valued at $38,605,000 after purchasing an additional 36,397 shares during the period. Finally, Nuveen LLC bought a new stake in shares of InvenTrust Properties during the first quarter valued at approximately $30,620,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $28.24 on Tuesday. 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 firm has a market cap of $2.19 billion, a P/E ratio of 19.61, a P/E/G ratio of 3.25 and a beta of 0.86. The business's fifty day moving average is $28.82 and its two-hundred day moving average is $28.01. InvenTrust Properties Corp. has a 52 week low of $25.21 and a 52 week high of $31.65.

InvenTrust Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a $0.2377 dividend. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. InvenTrust Properties's payout ratio is currently 65.97%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. initiated coverage on InvenTrust Properties in a research report on Friday. They set a "neutral" rating and a $30.00 price objective on the stock. Weiss Ratings reaffirmed a "buy (b)" rating on shares of InvenTrust Properties in a research note on Tuesday, October 14th. LADENBURG THALM/SH SH initiated coverage on InvenTrust Properties in a research note on Tuesday, September 9th. They issued a "neutral" rating and a $31.00 price target on the stock. Finally, Wells Fargo & Company boosted their price target on InvenTrust Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, August 27th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $32.00.

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.

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