XTX Topco Ltd Acquires Shares of 7,678 InvenTrust Properties Corp. (NYSE:IVT)

XTX Topco Ltd bought a new position in InvenTrust Properties Corp. (NYSE:IVT) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 7,678 shares of the company’s stock, valued at approximately $218,000.

Several other large investors have also recently modified their holdings of the stock. Executive Wealth Management LLC lifted its position in InvenTrust Properties by 4.3% in the second quarter. Executive Wealth Management LLC now owns 9,703 shares of the company’s stock worth $240,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of InvenTrust Properties by 2.3% in the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company’s stock worth $470,000 after acquiring an additional 423 shares during the last quarter. Van ECK Associates Corp boosted its stake in shares of InvenTrust Properties by 6.9% during the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company’s stock worth $258,000 after purchasing an additional 674 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock valued at $75,000 after purchasing an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC raised its position in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after purchasing an additional 693 shares during the period. Institutional investors own 61.70% of the company’s stock.

Wall Street Analyst Weigh In

IVT has been the topic of a number of analyst reports. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company increased their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Jefferies Financial Group initiated coverage on InvenTrust Properties in a research report on Tuesday, November 19th. They set a “hold” rating and a $33.00 target price for the company. Finally, Compass Point raised their price target on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th.

InvenTrust Properties Price Performance

Shares of IVT stock opened at $29.56 on Friday. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a fifty day simple moving average of $30.31 and a two-hundred day simple moving average of $28.27. The stock has a market capitalization of $2.28 billion, a price-to-earnings ratio of 328.48, a P/E/G ratio of 3.56 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The business had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period in the previous year, the business posted $0.41 earnings per share. On average, analysts predict that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th will be paid a dividend of $0.2263 per share. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.06%. InvenTrust Properties’s dividend payout ratio (DPR) is currently 1,000.00%.

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.