Aberdeen Group plc Acquires 408,731 Shares of InvenTrust Properties Corp. $IVT

Aberdeen Group plc increased its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 1,423.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 437,441 shares of the company’s stock after acquiring an additional 408,731 shares during the quarter. Aberdeen Group plc owned about 0.56% of InvenTrust Properties worth $11,986,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. Signature Estate & Investment Advisors LLC boosted its holdings in shares of InvenTrust Properties by 3.1% during the 1st quarter. Signature Estate & Investment Advisors LLC now owns 13,812 shares of the company’s stock valued at $406,000 after acquiring an additional 416 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in shares of InvenTrust Properties by 1.3% during the 1st quarter. State of Alaska Department of Revenue now owns 37,587 shares of the company’s stock valued at $1,103,000 after acquiring an additional 475 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of InvenTrust Properties by 6.1% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 8,846 shares of the company’s stock valued at $260,000 after acquiring an additional 506 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of InvenTrust Properties by 3.8% during the 1st quarter. Cerity Partners LLC now owns 14,844 shares of the company’s stock valued at $436,000 after acquiring an additional 545 shares during the last quarter. Finally, Comerica Bank boosted its holdings in shares of InvenTrust Properties by 80.5% during the 1st quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after acquiring an additional 1,001 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IVT shares. LADENBURG THALM/SH SH started coverage on shares of InvenTrust Properties in a report on Tuesday, September 9th. They set a “neutral” rating and a $31.00 price target on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a report on Tuesday. Finally, Wells Fargo & Company raised their price target on shares of 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.50.

InvenTrust Properties Price Performance

NYSE IVT opened at $27.85 on Thursday. InvenTrust Properties Corp. has a 12 month low of $25.21 and a 12 month high of $31.65. The stock has a market cap of $2.16 billion, a price-to-earnings ratio of 19.34, a PEG ratio of 3.19 and a beta of 0.86. The company’s 50 day moving average is $28.77 and its two-hundred day moving average is $28.03. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.2377 per share. The ex-dividend date was Tuesday, September 30th. This represents a $0.95 dividend on an annualized basis and a yield of 3.4%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 65.97%.

InvenTrust Properties Company 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.