Millennium Management LLC Grows Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Millennium Management LLC boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 51.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,457,305 shares of the company's stock after buying an additional 839,541 shares during the quarter. Millennium Management LLC owned approximately 3.19% of InvenTrust Properties worth $74,039,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVT. Northern Trust Corp boosted its position in shares of InvenTrust Properties by 37.3% in the fourth quarter. Northern Trust Corp now owns 1,014,739 shares of the company's stock valued at $30,574,000 after acquiring an additional 275,737 shares during the period. Principal Financial Group Inc. raised its stake in shares of InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company's stock worth $131,446,000 after acquiring an additional 245,343 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of InvenTrust Properties during the fourth quarter worth approximately $7,109,000. Schonfeld Strategic Advisors LLC raised its stake in shares of InvenTrust Properties by 2,006.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 229,560 shares of the company's stock worth $6,917,000 after acquiring an additional 218,660 shares in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of InvenTrust Properties by 240.1% during the fourth quarter. Thrivent Financial for Lutherans now owns 237,311 shares of the company's stock worth $7,150,000 after acquiring an additional 167,527 shares in the last quarter. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Trading Down 0.8%

Shares of NYSE IVT traded down $0.22 during mid-day trading on Tuesday, hitting $27.95. The stock had a trading volume of 139,888 shares, compared to its average volume of 418,118. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a 1 year low of $23.68 and a 1 year high of $31.65. The business has a 50 day moving average price of $28.06 and a two-hundred day moving average price of $29.34. The firm has a market cap of $2.17 billion, a P/E ratio of 154.83, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.40%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date was Monday, March 31st. InvenTrust Properties's payout ratio is presently 413.04%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating on the stock. BTIG Research began coverage on shares of InvenTrust Properties in a research note on Monday, April 28th. They issued a "buy" rating and a $31.00 target price on the stock. Finally, Wells Fargo & Company decreased their target price 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 equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus 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.