Renaissance Technologies LLC Purchases New Shares in InvenTrust Properties Corp. $IVT

Renaissance Technologies LLC acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 122,000 shares of the company’s stock, valued at approximately $3,716,000. Renaissance Technologies LLC owned 0.16% of InvenTrust Properties at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC purchased a new position in shares of InvenTrust Properties during the first quarter valued at about $29,000. EverSource Wealth Advisors LLC raised its stake in InvenTrust Properties by 44.0% in the second quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after buying an additional 418 shares in the last quarter. Global Retirement Partners LLC lifted its holdings in InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after buying an additional 621 shares during the period. Danske Bank A S boosted its position in InvenTrust Properties by 220.0% during the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Prosperity Bancshares Inc purchased a new position in shares of InvenTrust Properties during the 4th quarter worth approximately $47,000. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Stock Down 0.3%

Shares of InvenTrust Properties stock opened at $33.19 on Friday. The company has a 50-day simple moving average of $35.01 and a two-hundred day simple moving average of $32.50. The stock has a market capitalization of $2.59 billion, a PE ratio of 165.97, a price-to-earnings-growth ratio of 2.78 and a beta of 0.78. InvenTrust Properties Corp. has a 52-week low of $26.81 and a 52-week high of $37.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.46 and a current ratio of 1.73.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Monday, August 3rd. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $82.83 million for the quarter, compared to analysts’ expectations of $82.44 million. InvenTrust Properties had a net margin of 4.80% and a return on equity of 0.85%. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, analysts anticipate that InvenTrust Properties Corp. will post 1.95 EPS for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 500.00%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Wells Fargo & Company set a $39.00 target price on InvenTrust Properties and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Weiss Ratings lowered InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, July 31st. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. JPMorgan Chase & Co. increased their price objective on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. Finally, Jefferies Financial Group raised InvenTrust Properties to a “strong-buy” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, InvenTrust Properties has an average rating of “Buy” and a consensus target price of $35.14.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.