Vanderbilt University Acquires 1,231 Shares of InvenTrust Properties Corp. $IVT

Vanderbilt University grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 5.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,451 shares of the company’s stock after purchasing an additional 1,231 shares during the period. Vanderbilt University’s holdings in InvenTrust Properties were worth $670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Avalon Trust Co bought a new stake in InvenTrust Properties in the first quarter worth about $36,000. BI Asset Management Fondsmaeglerselskab A S bought a new stake in shares of InvenTrust Properties during the first quarter valued at approximately $57,000. Bulwark Capital Corp bought a new stake in shares of InvenTrust Properties during the second quarter valued at approximately $57,000. Oliver Lagore Vanvalin Investment Group bought a new stake in shares of InvenTrust Properties during the second quarter valued at approximately $63,000. Finally, Comerica Bank raised its stake in shares of InvenTrust Properties by 80.5% during the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after acquiring an additional 1,001 shares in the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

IVT has been the subject of a number of recent research reports. LADENBURG THALM/SH SH initiated coverage on shares of InvenTrust Properties in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $31.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of InvenTrust Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, August 27th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average target price of $32.50.

InvenTrust Properties Stock Down 1.2%

IVT opened at $28.20 on Friday. InvenTrust Properties Corp. has a twelve month low of $25.21 and a twelve month high of $31.65. The company has a quick ratio of 5.26, a current ratio of 5.26 and a debt-to-equity ratio of 0.41. The company has a 50-day moving average price of $28.76 and a 200 day moving average price of $28.13. The company has a market cap of $2.19 billion, a PE ratio of 19.58, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86.

InvenTrust Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, September 30th. InvenTrust Properties’s dividend payout ratio is currently 65.97%.

InvenTrust Properties 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.