InvenTrust Properties (NYSE:IVT) Sees Large Volume Increase

InvenTrust Properties Corp. (NYSE:IVT) shares saw strong trading volume on Tuesday . 962,864 shares traded hands during trading, an increase of 189% from the previous session’s volume of 332,741 shares.The stock last traded at $28.83 and had previously closed at $29.49.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. Compass Point lifted their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Wells Fargo & Company lifted their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th.

InvenTrust Properties Stock Performance

The company has a market cap of $1.95 billion, a price-to-earnings ratio of 289.90, a PEG ratio of 4.68 and a beta of 0.99. The firm’s 50 day simple moving average is $28.30 and its 200-day simple moving average is $26.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.24.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a dividend of $0.226 per share. The ex-dividend date is Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 3.14%. InvenTrust Properties’s payout ratio is presently 900.00%.

Institutional Trading of InvenTrust Properties

Several large investors have recently added to or reduced their stakes in IVT. Creative Planning raised its holdings in shares of InvenTrust Properties by 6.1% during the 2nd quarter. Creative Planning now owns 40,862 shares of the company’s stock worth $1,012,000 after acquiring an additional 2,360 shares during the period. Algert Global LLC grew its stake in shares of InvenTrust Properties by 15.5% in the 2nd quarter. Algert Global LLC now owns 50,911 shares of the company’s stock valued at $1,261,000 after buying an additional 6,827 shares during the period. Susquehanna Fundamental Investments LLC increased its holdings in shares of InvenTrust Properties by 9.8% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 31,488 shares of the company’s stock worth $780,000 after buying an additional 2,822 shares during the last quarter. Makena Capital Management LLC raised its position in shares of InvenTrust Properties by 28.6% during the 2nd quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock valued at $8,494,000 after buying an additional 76,316 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in InvenTrust Properties by 4.6% in the second quarter. The Manufacturers Life Insurance Company now owns 35,648 shares of the company’s stock valued at $883,000 after acquiring an additional 1,557 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Company 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.