State of New Jersey Common Pension Fund D Has $1.88 Million Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

State of New Jersey Common Pension Fund D decreased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 32.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 75,904 shares of the company’s stock after selling 36,339 shares during the period. State of New Jersey Common Pension Fund D’s holdings in InvenTrust Properties were worth $1,879,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in InvenTrust Properties by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after buying an additional 91,579 shares in the last quarter. Principal Financial Group Inc. raised its holdings in InvenTrust Properties by 26.4% during the 2nd quarter. Principal Financial Group Inc. now owns 3,378,512 shares of the company’s stock worth $83,652,000 after purchasing an additional 706,437 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in InvenTrust Properties by 8.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 327,598 shares of the company’s stock worth $8,111,000 after purchasing an additional 25,918 shares during the last quarter. Makena Capital Management LLC bought a new stake in InvenTrust Properties during the 4th quarter worth about $6,427,000. Finally, Commonwealth Equity Services LLC raised its holdings in InvenTrust Properties by 8.0% during the 1st quarter. Commonwealth Equity Services LLC now owns 231,300 shares of the company’s stock worth $5,947,000 after purchasing an additional 17,091 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Trading Down 1.5 %

NYSE IVT opened at $29.42 on Monday. InvenTrust Properties Corp. has a 12 month low of $22.61 and a 12 month high of $30.33. The stock has a 50 day moving average of $28.23 and a 200-day moving average of $25.99. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The company has a market cap of $2.00 billion, a PE ratio of 294.20, a PEG ratio of 4.68 and a beta of 0.99.

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 paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 3.07%. The ex-dividend date of this dividend is Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

Analysts Set New Price Targets

IVT has been the subject of a number of recent analyst reports. Compass Point upped their price target on 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 upped their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th.

About InvenTrust Properties

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.