AlphaQuest LLC Buys 8,386 Shares of InvenTrust Properties Corp. (NYSE:IVT)

AlphaQuest LLC raised its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 24.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 42,187 shares of the company’s stock after purchasing an additional 8,386 shares during the quarter. AlphaQuest LLC owned 0.05% of InvenTrust Properties worth $1,271,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its holdings in shares of InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock worth $15,682,000 after purchasing an additional 35,428 shares during the period. Barclays PLC increased its holdings in shares of InvenTrust Properties by 285.3% during the 3rd quarter. Barclays PLC now owns 109,027 shares of the company’s stock worth $3,093,000 after purchasing an additional 80,728 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of InvenTrust Properties during the 3rd quarter worth about $1,980,000. Entropy Technologies LP bought a new position in shares of InvenTrust Properties during the 4th quarter worth about $536,000. Finally, Rhumbline Advisers increased its holdings in shares of InvenTrust Properties by 11.2% during the 4th quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock worth $4,092,000 after purchasing an additional 13,722 shares during the period. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock opened at $29.22 on Monday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm’s 50-day simple moving average is $29.66 and its 200-day simple moving average is $29.77. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The firm has a market cap of $2.26 billion, a P/E ratio of 162.33, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

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

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were paid a dividend of $0.2263 per share. This represents a $0.91 annualized dividend and a yield of 3.10%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Monday, December 30th. InvenTrust Properties’s dividend payout ratio is currently 500.00%.

Analyst Ratings Changes

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

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.