Voloridge Investment Management LLC Boosts Stake in InvenTrust Properties Corp. (NYSE:IVT)

Voloridge Investment Management LLC boosted its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 62.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 235,376 shares of the company's stock after acquiring an additional 90,362 shares during the period. Voloridge Investment Management LLC owned 0.31% of InvenTrust Properties worth $7,092,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new stake in InvenTrust Properties in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. purchased a new stake in shares of InvenTrust Properties in the 4th quarter valued at $50,000. Quarry LP purchased a new stake in InvenTrust Properties during the 4th quarter valued at $53,000. Jones Financial Companies Lllp increased its stake in shares of InvenTrust Properties by 123.3% in the 4th 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 in the last quarter. Finally, NewEdge Advisors LLC boosted its holdings in shares of 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 acquiring an additional 465 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Wolfe Research began coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating on the stock. BTIG Research initiated coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 price objective on the stock. Finally, Wells Fargo & Company dropped 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 note on Wednesday, March 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.80.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock traded down $0.20 on Friday, hitting $28.07. The company had a trading volume of 62,040 shares, compared to its average volume of 421,674. InvenTrust Properties Corp. has a 52 week low of $24.00 and a 52 week high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market cap of $2.18 billion, a PE ratio of 155.90, a PEG ratio of 3.34 and a beta of 0.93. The business has a 50-day simple moving average of $27.87 and a 200-day simple moving average of $29.20.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a dividend of $0.2376 per share. The ex-dividend date of this dividend was Monday, March 31st. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.39%. InvenTrust Properties's payout ratio is currently 413.04%.

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.