Arizona State Retirement System Boosts Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Arizona State Retirement System lifted its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 2.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 18,982 shares of the company’s stock after purchasing an additional 423 shares during the period. Arizona State Retirement System’s holdings in InvenTrust Properties were worth $470,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVT. Victory Capital Management Inc. bought a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $230,000. Charles Schwab Investment Management Inc. raised its stake in shares of InvenTrust Properties by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 874,699 shares of the company’s stock worth $22,165,000 after acquiring an additional 16,760 shares in the last quarter. Principal Securities Inc. bought a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $28,000. Jump Financial LLC bought a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $460,000. Finally, Quest Partners LLC bought a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $1,014,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Performance

Shares of NYSE IVT opened at $29.80 on Tuesday. The company’s fifty day moving average price is $27.85 and its 200 day moving average price is $25.87. InvenTrust Properties Corp. has a 1 year low of $22.61 and a 1 year high of $30.11. The company has a market capitalization of $2.02 billion, a PE ratio of 298.00, a price-to-earnings-growth ratio of 4.68 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.24.

Analyst Upgrades and Downgrades

Several research firms have weighed in on IVT. Compass Point boosted their target price on shares of 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 boosted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th.

InvenTrust Properties 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.