Makena Capital Management LLC Boosts Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Makena Capital Management LLC increased its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 28.6% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 343,038 shares of the company’s stock after buying an additional 76,316 shares during the quarter. Makena Capital Management LLC’s holdings in InvenTrust Properties were worth $8,494,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the business. The Manufacturers Life Insurance Company raised its position 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 purchasing an additional 1,557 shares during the period. Millennium Management LLC raised its position in InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after purchasing an additional 122,248 shares during the last quarter. Deerfield Management Company L.P. Series C boosted its stake in shares of InvenTrust Properties by 20.2% during the second quarter. Deerfield Management Company L.P. Series C now owns 17,390 shares of the company’s stock worth $431,000 after buying an additional 2,920 shares during the period. Magnetar Financial LLC acquired a new stake in InvenTrust Properties during the 2nd quarter worth approximately $209,000. Finally, AE Wealth Management LLC raised its stake in shares of InvenTrust Properties by 97.4% during the second quarter. AE Wealth Management LLC now owns 17,368 shares of the company’s stock worth $430,000 after purchasing an additional 8,568 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

IVT has been the topic of a number of recent analyst reports. Wells Fargo & Company upped 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. Compass Point raised their price objective 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.

InvenTrust Properties Stock Down 0.3 %

IVT opened at $28.21 on Friday. The firm has a market cap of $1.92 billion, a P/E ratio of 282.10, a PEG ratio of 4.83 and a beta of 0.99. The company has a quick ratio of 1.24, a current ratio of 1.24 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $28.40 and its 200 day simple moving average is $26.08. InvenTrust Properties Corp. has a 52 week low of $22.61 and a 52 week high of $30.33.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 3.20%. The ex-dividend date of this dividend is Monday, September 30th. InvenTrust Properties’s payout ratio is 910.00%.

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.