126,000 Shares in InvenTrust Properties Corp. (NYSE:IVT) Bought by Seven Grand Managers LLC

Seven Grand Managers LLC acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) in the third quarter, HoldingsChannel reports. The fund acquired 126,000 shares of the company’s stock, valued at approximately $3,575,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Hantz Financial Services Inc. acquired a new stake in shares of InvenTrust Properties during the 2nd quarter valued at about $57,000. Beacon Capital Management LLC grew its holdings in InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after purchasing an additional 693 shares during the last quarter. EntryPoint Capital LLC raised its position in shares of InvenTrust Properties by 899.3% in the first quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock valued at $105,000 after purchasing an additional 3,669 shares during the period. Global Financial Private Client LLC lifted its stake in shares of InvenTrust Properties by 20.0% in the second quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock worth $148,000 after buying an additional 1,000 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in shares of InvenTrust Properties by 4,944.5% during the 1st quarter. Russell Investments Group Ltd. now owns 7,365 shares of the company’s stock worth $189,000 after buying an additional 7,219 shares during the period. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analyst Ratings Changes

IVT has been the topic of several research analyst reports. Wells Fargo & Company raised their price target on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th. Bank of America raised InvenTrust Properties from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $30.00 to $33.00 in a research report on Thursday, October 3rd. Finally, Compass Point upped their price target on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th.

InvenTrust Properties Trading Up 1.4 %

Shares of IVT opened at $29.77 on Thursday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The stock has a 50 day simple moving average of $28.94 and a 200-day simple moving average of $26.48. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $30.33. The stock has a market cap of $2.02 billion, a PE ratio of 297.70, a PEG ratio of 3.52 and a beta of 0.98.

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were given a $0.226 dividend. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 3.04%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

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.