InvenTrust Properties (NYSE:IVT) Reaches New 12-Month High at $30.02

InvenTrust Properties Corp. (NYSE:IVT) shares hit a new 52-week high during trading on Monday . The company traded as high as $30.02 and last traded at $30.00, with a volume of 15061 shares changing hands. The stock had previously closed at $29.79.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Compass Point raised their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company raised their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th.

InvenTrust Properties Stock Up 0.2 %

The firm has a market capitalization of $2.03 billion, a P/E ratio of 298.50, a PEG ratio of 4.68 and a beta of 0.99. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a 50 day moving average of $27.96 and a 200-day moving average of $25.90.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of IVT. Vanguard Group Inc. boosted its holdings in shares of InvenTrust Properties by 1.0% in the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after acquiring an additional 91,579 shares during the period. Principal Financial Group Inc. boosted its position in shares of InvenTrust Properties by 26.4% in the second quarter. Principal Financial Group Inc. now owns 3,378,512 shares of the company’s stock valued at $83,652,000 after acquiring an additional 706,437 shares during the period. Millennium Management LLC boosted its stake in InvenTrust Properties by 13.9% during the second quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after buying an additional 122,248 shares during the period. Charles Schwab Investment Management Inc. grew its position in InvenTrust Properties by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 874,699 shares of the company’s stock worth $22,165,000 after buying an additional 16,760 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of InvenTrust Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock valued at $20,125,000 after acquiring an additional 35,051 shares in the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

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.