Y Intercept Hong Kong Ltd Acquires Shares of 23,434 InvenTrust Properties Corp. $IVT

Y Intercept Hong Kong Ltd acquired a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 23,434 shares of the company’s stock, valued at approximately $671,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Resona Asset Management Co. Ltd. lifted its position in InvenTrust Properties by 11.0% in the 3rd quarter. Resona Asset Management Co. Ltd. now owns 34,660 shares of the company’s stock valued at $997,000 after acquiring an additional 3,447 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of InvenTrust Properties by 32.4% in the third quarter. Teacher Retirement System of Texas now owns 80,409 shares of the company’s stock worth $2,301,000 after purchasing an additional 19,656 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of InvenTrust Properties by 33.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 37,994 shares of the company’s stock valued at $1,043,000 after purchasing an additional 9,451 shares in the last quarter. Wolverine Asset Management LLC boosted its position in shares of InvenTrust Properties by 112.9% during the third quarter. Wolverine Asset Management LLC now owns 29,042 shares of the company’s stock valued at $831,000 after buying an additional 15,404 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new stake in InvenTrust Properties during the third quarter worth $539,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

Shares of IVT stock opened at $29.52 on Tuesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 3.08 and a beta of 0.86. InvenTrust Properties Corp. has a 52 week low of $25.21 and a 52 week high of $31.04. The firm’s 50-day simple moving average is $28.67 and its two-hundred day simple moving average is $28.45.

InvenTrust Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a dividend of $0.2377 per share. This represents a $0.95 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 30th. InvenTrust Properties’s dividend payout ratio is 62.09%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on IVT shares. JPMorgan Chase & Co. initiated coverage on InvenTrust Properties in a research note on Friday, October 17th. They set a “neutral” rating and a $30.00 price objective on the stock. Jefferies Financial Group reissued a “buy” rating and set a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. Wells Fargo & Company initiated coverage on shares of InvenTrust Properties in a report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 price target on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, InvenTrust Properties has a consensus rating of “Moderate Buy” and an average price target of $31.60.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.