Y Intercept Hong Kong Ltd Purchases New Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Key Points

• Y Intercept Hong Kong Ltd has acquired a new stake in InvenTrust Properties Corp, purchasing 25,467 shares valued at approximately $748,000.
• InvenTrust Properties has received a buy rating from BTIG Research with a target price of $31.00, contributing to its consensus rating of "Moderate Buy."
• The company announced an increase in its quarterly dividend to $0.2377, reflecting a 3.45% dividend yield, with a high current dividend payout ratio of 413.04%.

Y Intercept Hong Kong Ltd purchased a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 25,467 shares of the company's stock, valued at approximately $748,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. bought a new stake in InvenTrust Properties during the 4th quarter worth about $42,000. Bernard Wealth Management Corp. bought a new stake in InvenTrust Properties during the 4th quarter worth about $50,000. Quarry LP bought a new stake in InvenTrust Properties during the 4th quarter worth about $53,000. Ameriflex Group Inc. bought a new stake in InvenTrust Properties during the 4th quarter worth about $60,000. Finally, NewEdge Advisors LLC raised its holdings in InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company's stock worth $62,000 after purchasing an additional 465 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Stock Up 0.1%

InvenTrust Properties stock traded up $0.04 during midday trading on Wednesday, reaching $27.93. The stock had a trading volume of 758,625 shares, compared to its average volume of 390,695. The firm's fifty day simple moving average is $27.59 and its 200-day simple moving average is $28.35. InvenTrust Properties Corp. has a 1-year low of $25.21 and a 1-year high of $31.65. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.43 and a current ratio of 2.43. The stock has a market capitalization of $2.17 billion, a P/E ratio of 19.40, a price-to-earnings-growth ratio of 3.15 and a beta of 0.88.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were given a dividend of $0.2377 per share. The ex-dividend date of this dividend was Monday, June 30th. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.24. This represents a $0.95 annualized dividend and a yield of 3.40%. InvenTrust Properties's dividend payout ratio is 413.04%.

Wall Street Analyst Weigh In

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