InvenTrust Properties Corp. (NYSE:IVT) Announces Quarterly Dividend of $0.24

Key Points

• InvenTrust Properties Corp. announced a quarterly dividend of $0.24, set to be paid on October 15th to shareholders recorded by September 30th, representing a 3.2% yield.
• The company currently has a high dividend payout ratio of 296.9%, indicating it relies on its balance sheet to meet dividend obligations, though upcoming earnings may allow for better coverage.
• As of recent trading, InvenTrust's stock is priced at $29.69, with a market cap of $2.30 billion and a PE ratio of 16.93, reflecting its positioning in the real estate investment trust market.

InvenTrust Properties Corp. (NYSE:IVT - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Stockholders of record on Tuesday, September 30th will be given a dividend of 0.2377 per share on Wednesday, October 15th. This represents a c) dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 30th.

InvenTrust Properties has a payout ratio of 296.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect InvenTrust Properties to earn $1.89 per share next year, which means the company should continue to be able to cover its $0.95 annual dividend with an expected future payout ratio of 50.3%.

InvenTrust Properties Trading Down 0.6%

Shares of IVT stock traded down $0.18 on Friday, reaching $29.68. 916,230 shares of the company's stock were exchanged, compared to its average volume of 371,042. The company's fifty day simple moving average is $28.46 and its 200 day simple moving average is $28.13. InvenTrust Properties has a 52 week low of $25.21 and a 52 week high of $31.65. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2.30 billion, a PE ratio of 20.61, a P/E/G ratio of 3.25 and a beta of 0.88.

Institutional Trading of InvenTrust Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of InvenTrust Properties in the 1st quarter worth approximately $30,620,000. Vision Capital Corp raised its stake in InvenTrust Properties by 182.7% in the second quarter. Vision Capital Corp now owns 989,472 shares of the company's stock worth $27,112,000 after buying an additional 639,472 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in InvenTrust Properties by 111.1% during the second quarter. Balyasny Asset Management L.P. now owns 968,157 shares of the company's stock worth $26,528,000 after buying an additional 509,518 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in InvenTrust Properties by 443.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 586,825 shares of the company's stock worth $17,235,000 after buying an additional 478,887 shares during the period. Finally, Aberdeen Group plc boosted its position in InvenTrust Properties by 1,423.7% during the 2nd quarter. Aberdeen Group plc now owns 437,441 shares of the company's stock valued at $11,986,000 after acquiring an additional 408,731 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors.

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.