Wolverine Asset Management LLC Increases Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Key Points

• Wolverine Asset Management LLC increased its stake in InvenTrust Properties Corp. by 3,840.3%, acquiring an additional 12,212 shares for a total holding of 12,530 shares valued at approximately $368,000.
• InvenTrust Properties recently declared a quarterly dividend of $0.2377 per share, representing a 3.5% yield and a slight increase from the previous dividend of $0.24.
• The stock holds a consensus rating of "Moderate Buy" among analysts, with a target price of $31.80, as reported by BTIG Research.

Wolverine Asset Management LLC boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 3,840.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,530 shares of the company's stock after acquiring an additional 12,212 shares during the period. Wolverine Asset Management LLC's holdings in InvenTrust Properties were worth $368,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings 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 worth $38,605,000 after buying an additional 36,397 shares in the last quarter. Vanguard Group Inc. grew its holdings 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 worth $320,315,000 after buying an additional 181,423 shares in the last quarter. Avalon Trust Co purchased a new stake in shares of InvenTrust Properties during the first quarter worth $36,000. US Bancorp DE grew its holdings in shares of InvenTrust Properties by 130.6% during the first quarter. US Bancorp DE now owns 10,530 shares of the company's stock worth $309,000 after buying an additional 5,964 shares in the last quarter. Finally, Arkadios Wealth Advisors purchased a new stake in shares of InvenTrust Properties during the first quarter worth $216,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Trading Up 1.5%

Shares of IVT traded up $0.40 during mid-day trading on Tuesday, reaching $27.68. The stock had a trading volume of 299,689 shares, compared to its average volume of 397,379. The company has a debt-to-equity ratio of 0.41, a current ratio of 5.26 and a quick ratio of 5.26. InvenTrust Properties Corp. has a 52-week low of $25.21 and a 52-week high of $31.65. The business's fifty day moving average is $27.51 and its 200 day moving average is $28.24. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 19.22, a P/E/G ratio of 3.13 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a $0.2377 dividend. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, June 30th. InvenTrust Properties's payout ratio is currently 65.97%.

Wall Street Analyst Weigh In

Separately, BTIG Research started coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties 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.