Wellington Management Group LLP Increases Stock Holdings in InvenTrust Properties Corp. $IVT

Key Points

• Wellington Management increased its InvenTrust Properties stake by 1,843.1% in the second quarter, ending with 647,037 shares worth approximately $22.9 million. Institutional investors collectively own 61.7% of IVT.
• Analyst sentiment is generally positive, with a consensus “Moderate Buy” rating and an average price target of $35.00; individual targets range up to $38.00.
• InvenTrust reported quarterly EPS of $0.02, below the $0.04 consensus, while revenue of $82.83 million slightly exceeded expectations. The REIT also declared a quarterly dividend of $0.25 per share, equal to a 3.1% annualized yield.

Wellington Management Group LLP lifted its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 1,843.1% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 647,037 shares of the company's stock after purchasing an additional 613,738 shares during the period. Wellington Management Group LLP owned about 0.83% of InvenTrust Properties worth $22,905,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. NewEdge Advisors LLC grew its position in shares of InvenTrust Properties by 24.0% during the 1st quarter. NewEdge Advisors LLC now owns 1,717 shares of the company's stock valued at $52,000 after acquiring an additional 332 shares during the period. Amundi grew its holdings in InvenTrust Properties by 0.9% during the first quarter. Amundi now owns 44,139 shares of the company's stock valued at $1,344,000 after purchasing an additional 392 shares during the period. EverSource Wealth Advisors LLC increased its position in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company's stock worth $38,000 after buying an additional 418 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of InvenTrust Properties by 1.0% during the 2nd quarter. Lazard Asset Management LLC now owns 47,391 shares of the company's stock valued at $1,298,000 after buying an additional 465 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of InvenTrust Properties by 7.5% during the 4th quarter. International Assets Investment Management LLC now owns 8,138 shares of the company's stock valued at $230,000 after acquiring an additional 571 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

IVT has been the topic of a number of recent analyst reports. BTIG Research reissued a "buy" rating and set a $37.00 price target on shares of InvenTrust Properties in a report on Friday, August 28th. Wells Fargo & Company set a $38.00 price target on InvenTrust Properties and gave the stock an "overweight" rating in a report on Tuesday. Jefferies Financial Group raised shares of InvenTrust Properties to a "strong-buy" rating in a report on Friday, June 26th. Wall Street Zen lowered shares of InvenTrust Properties from a "hold" rating to a "sell" rating in a research report on Saturday, July 18th. Finally, Bank of America boosted their price target on shares of InvenTrust Properties from $37.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, InvenTrust Properties has a consensus rating of "Moderate Buy" and an average target price of $35.00.

InvenTrust Properties Stock Performance

Shares of IVT opened at $32.56 on Friday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.73 and a current ratio of 1.73. The stock has a 50-day moving average of $34.43 and a two-hundred day moving average of $32.95. The stock has a market cap of $2.54 billion, a P/E ratio of 162.80, a P/E/G ratio of 2.66 and a beta of 0.77. InvenTrust Properties Corp. has a one year low of $26.81 and a one year high of $37.22.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its earnings results on Monday, August 3rd. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The company had revenue of $82.83 million for the quarter, compared to analysts' expectations of $82.44 million. InvenTrust Properties had a return on equity of 0.85% and a net margin of 4.80%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, research analysts predict that InvenTrust Properties Corp. will post 1.95 EPS for the current year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties's dividend payout ratio is presently 500.00%.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.

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