Millennium Management LLC Has $74.04 Million Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Millennium Management LLC lifted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 51.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,457,305 shares of the company's stock after purchasing an additional 839,541 shares during the quarter. Millennium Management LLC owned 3.19% of InvenTrust Properties worth $74,039,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FIL Ltd raised its position in shares of InvenTrust Properties by 17.4% in the 4th quarter. FIL Ltd now owns 2,240 shares of the company's stock valued at $67,000 after buying an additional 332 shares in the last quarter. Allworth Financial LP raised its position in InvenTrust Properties by 4.4% during the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares in the last quarter. NewEdge Advisors LLC lifted its stake in InvenTrust Properties by 29.4% during the fourth 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. EntryPoint Capital LLC boosted its holdings in shares of InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after purchasing an additional 682 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on IVT shares. BTIG Research started coverage on InvenTrust Properties in a research note on Monday, April 28th. They set a "buy" rating and a $31.00 target price for the company. Wolfe Research initiated coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Finally, Wells Fargo & Company lowered their price target on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, InvenTrust Properties presently has an average rating of "Moderate Buy" and an average target price of $31.80.

InvenTrust Properties Trading Down 0.5%

NYSE IVT traded down $0.14 on Wednesday, reaching $27.76. The company had a trading volume of 52,813 shares, compared to its average volume of 418,209. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 153.92, a P/E/G ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a fifty-two week low of $23.69 and a fifty-two week high of $31.65. The business has a 50 day moving average of $28.05 and a two-hundred day moving average of $29.33.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.2376 dividend. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.42%. InvenTrust Properties's dividend payout ratio is presently 413.04%.

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.