International Assets Investment Management LLC purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 29,876 shares of the company's stock, valued at approximately $757,000.
A number of other hedge funds have also recently made changes to their positions in IVT. OVERSEA CHINESE BANKING Corp Ltd purchased a new position in shares of InvenTrust Properties in the 3rd quarter worth about $1,560,000. HighTower Advisors LLC boosted its stake in shares of InvenTrust Properties by 29.5% in the 3rd quarter. HighTower Advisors LLC now owns 104,210 shares of the company's stock valued at $2,482,000 after purchasing an additional 23,752 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of InvenTrust Properties during the 3rd quarter valued at $2,000,000. Envestnet Asset Management Inc. lifted its stake in InvenTrust Properties by 21.4% in the third quarter. Envestnet Asset Management Inc. now owns 186,341 shares of the company's stock worth $4,437,000 after purchasing an additional 32,876 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its stake in shares of InvenTrust Properties by 41.5% during the fourth quarter. Asset Management One Co. Ltd. now owns 148,412 shares of the company's stock valued at $3,825,000 after buying an additional 43,560 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.
InvenTrust Properties Stock Performance
IVT stock remained flat at $25.26 during trading on Friday. The company had a trading volume of 159,432 shares, compared to its average volume of 304,340. The stock has a 50-day moving average of $24.92 and a 200-day moving average of $25.10. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.38 and a quick ratio of 2.38. InvenTrust Properties Corp. has a 52 week low of $20.76 and a 52 week high of $27.25. The firm has a market capitalization of $1.71 billion, a price-to-earnings ratio of 252.60, a PEG ratio of 4.26 and a beta of 1.03.
InvenTrust Properties Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Sunday, March 31st were given a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a yield of 3.58%. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.22. The ex-dividend date was Wednesday, March 27th. InvenTrust Properties's dividend payout ratio (DPR) is presently 900.00%.
About InvenTrust Properties
(
Free Report)
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.
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