Maven Securities LTD Buys Shares of 115,566 InvenTrust Properties Corp. (NYSE:IVT)

Maven Securities LTD bought a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 115,566 shares of the company’s stock, valued at approximately $3,279,000.

Several other hedge funds also recently bought and sold shares of the stock. Farmers & Merchants Investments Inc. purchased a new position in shares of InvenTrust Properties during the third quarter valued at approximately $27,000. Creekmur Asset Management LLC increased its holdings in InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after purchasing an additional 795 shares in the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of InvenTrust Properties during the second quarter valued at approximately $57,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after purchasing an additional 681 shares during the last quarter. Finally, Beacon Capital Management LLC grew its position in shares of InvenTrust Properties by 23.3% during the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock worth $91,000 after buying an additional 693 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on IVT shares. Jefferies Financial Group initiated coverage on shares of InvenTrust Properties in a report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price objective for the company. Bank of America upgraded InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company lifted their target price on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 28th. 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 research report on Tuesday, September 10th.

InvenTrust Properties Stock Performance

IVT opened at $30.74 on Wednesday. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The business’s 50 day moving average is $29.84 and its 200-day moving average is $27.78. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.37 billion, a PE ratio of 341.59, a price-to-earnings-growth ratio of 3.55 and a beta of 0.97.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The business had revenue of $68.52 million for the quarter. During the same period last year, the business posted $0.41 EPS. On average, analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current year.

InvenTrust Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.94%. The ex-dividend date was Monday, September 30th. InvenTrust Properties’s payout ratio is 1,011.22%.

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.