Jacobs Levy Equity Management Inc. Purchases 71,436 Shares of InvenTrust Properties Corp. $IVT

Jacobs Levy Equity Management Inc. grew its stake in InvenTrust Properties Corp. (NYSE:IVT) by 13.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 599,755 shares of the company’s stock after purchasing an additional 71,436 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in InvenTrust Properties were worth $17,615,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Avalon Trust Co bought a new position in shares of InvenTrust Properties in the first quarter valued at approximately $36,000. GF Fund Management CO. LTD. bought a new position in shares of InvenTrust Properties in the fourth quarter valued at approximately $42,000. BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of InvenTrust Properties in the first quarter valued at approximately $57,000. Ameriflex Group Inc. bought a new position in shares of InvenTrust Properties in the fourth quarter valued at approximately $60,000. Finally, Comerica Bank lifted its holdings in shares of InvenTrust Properties by 80.5% in the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after purchasing an additional 1,001 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised their target price on InvenTrust Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, August 27th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $32.20.

InvenTrust Properties Stock Performance

Shares of InvenTrust Properties stock opened at $29.94 on Friday. The business’s fifty day simple moving average is $27.96 and its 200 day simple moving average is $28.13. The firm has a market capitalization of $2.32 billion, a P/E ratio of 20.79, a price-to-earnings-growth ratio of 3.27 and a beta of 0.88. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The company has a current ratio of 5.26, a quick ratio of 5.26 and a debt-to-equity ratio of 0.41.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Monday, June 30th were issued a dividend of $0.2377 per share. This represents a $0.95 dividend on an annualized basis and a yield of 3.2%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date was Monday, June 30th. InvenTrust Properties’s dividend payout ratio is 65.97%.

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.