Algert Global LLC Acquires 6,827 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Algert Global LLC increased its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 15.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,911 shares of the company’s stock after purchasing an additional 6,827 shares during the quarter. Algert Global LLC owned approximately 0.08% of InvenTrust Properties worth $1,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of IVT. Hantz Financial Services Inc. bought a new stake in shares of InvenTrust Properties in the second quarter worth about $57,000. Beacon Capital Management LLC boosted its position in InvenTrust Properties by 23.3% during the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after acquiring an additional 693 shares in the last quarter. EntryPoint Capital LLC boosted its position in InvenTrust Properties by 899.3% during the 1st quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock valued at $105,000 after acquiring an additional 3,669 shares in the last quarter. Global Financial Private Client LLC boosted its position in InvenTrust Properties by 20.0% during the 2nd quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock valued at $148,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in InvenTrust Properties by 4,944.5% during the 1st quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock valued at $189,000 after acquiring an additional 7,219 shares in the last quarter. 61.70% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Compass Point lifted their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Wells Fargo & Company lifted their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Finally, Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $30.00 to $33.00 in a research report on Thursday.

InvenTrust Properties Price Performance

IVT stock opened at $29.47 on Friday. The firm has a 50 day moving average price of $28.67 and a 200-day moving average price of $26.24. InvenTrust Properties Corp. has a 52-week low of $23.28 and a 52-week high of $30.33. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of 294.70, a PEG ratio of 4.83 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.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.226 per share. The ex-dividend date is Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.07%. InvenTrust Properties’s payout ratio is 900.00%.

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.