InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 1,823.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 261,657 shares of the company’s stock after acquiring an additional 248,050 shares during the quarter. International Assets Investment Management LLC’s holdings in InvenTrust Properties were worth $7,423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of InvenTrust Properties in the 1st quarter worth $737,000. Vanguard Group Inc. increased its position in shares of 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 purchasing an additional 91,579 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in shares of InvenTrust Properties by 108.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock worth $1,179,000 after purchasing an additional 24,791 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of 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. Finally, Makena Capital Management LLC increased 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 worth $8,494,000 after purchasing an additional 76,316 shares during the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Performance

Shares of InvenTrust Properties stock opened at $29.45 on Friday. The business has a 50-day moving average of $29.24 and a 200 day moving average of $26.83. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $30.33. The stock has a market capitalization of $2.00 billion, a price-to-earnings ratio of 294.50, a price-to-earnings-growth ratio of 3.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.24.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were paid a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties’s payout ratio is presently 900.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on IVT shares. Compass Point raised their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company raised their target price on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their target price for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

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.