InvenTrust Properties Corp. (NYSE:IVT) Shares Acquired by Millennium Management LLC

Millennium Management LLC increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 51.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,457,305 shares of the company’s stock after acquiring an additional 839,541 shares during the period. Millennium Management LLC owned approximately 3.19% of InvenTrust Properties worth $74,039,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of IVT. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in InvenTrust Properties by 17.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 44,107 shares of the company’s stock valued at $1,329,000 after purchasing an additional 6,679 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of InvenTrust Properties by 43.1% during the fourth quarter. Lazard Asset Management LLC now owns 38,538 shares of the company’s stock worth $1,161,000 after buying an additional 11,604 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of InvenTrust Properties by 1.2% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 528,319 shares of the company’s stock worth $15,918,000 after buying an additional 6,340 shares during the period. Deutsche Bank AG raised its holdings in InvenTrust Properties by 33.5% in the fourth quarter. Deutsche Bank AG now owns 91,745 shares of the company’s stock valued at $2,764,000 after acquiring an additional 22,999 shares in the last quarter. Finally, Cresset Asset Management LLC lifted its stake in InvenTrust Properties by 49.9% in the fourth quarter. Cresset Asset Management LLC now owns 24,962 shares of the company’s stock worth $754,000 after acquiring an additional 8,306 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

Shares of NYSE:IVT opened at $28.30 on Friday. InvenTrust Properties Corp. has a 12 month low of $23.69 and a 12 month high of $31.65. The firm has a market capitalization of $2.20 billion, a P/E ratio of 157.22, a P/E/G ratio of 3.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company’s fifty day moving average price is $28.09 and its 200 day moving average price is $29.36.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. As a group, sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date was Monday, March 31st. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio (DPR) is currently 413.04%.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. BTIG Research began coverage on shares of InvenTrust Properties in a research report on Monday, April 28th. They issued a “buy” rating and a $31.00 price objective on the stock. Wolfe Research initiated coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a “peer perform” rating on the stock. Finally, Wells Fargo & Company decreased their price target on InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

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.