D. E. Shaw & Co. Inc. Decreases Position in InvenTrust Properties Corp. (NYSE:IVT)

D. E. Shaw & Co. Inc. lessened its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 10.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 124,088 shares of the company’s stock after selling 14,500 shares during the quarter. D. E. Shaw & Co. Inc.’s holdings in InvenTrust Properties were worth $3,739,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Deutsche Bank AG grew its holdings in InvenTrust Properties by 33.5% in the 4th quarter. Deutsche Bank AG now owns 91,745 shares of the company’s stock worth $2,764,000 after acquiring an additional 22,999 shares during the last quarter. Cresset Asset Management LLC boosted its stake in InvenTrust Properties by 49.9% during the fourth quarter. Cresset Asset Management LLC now owns 24,962 shares of the company’s stock worth $754,000 after acquiring an additional 8,306 shares in the last quarter. Bank of America Corp DE boosted its stake in InvenTrust Properties by 19.8% during the fourth quarter. Bank of America Corp DE now owns 111,781 shares of the company’s stock worth $3,368,000 after acquiring an additional 18,505 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in InvenTrust Properties during the fourth quarter worth about $270,000. Finally, Ameriprise Financial Inc. raised its holdings in InvenTrust Properties by 14.5% in the fourth quarter. Ameriprise Financial Inc. now owns 462,413 shares of the company’s stock worth $13,940,000 after buying an additional 58,557 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

IVT has been the subject of several recent analyst reports. Wells Fargo & Company decreased their target price on shares of InvenTrust Properties from $33.00 to $32.00 and set an “overweight” rating for the company in a report on Wednesday, March 26th. Wolfe Research initiated coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They set a “peer perform” rating for the company. Finally, BTIG Research initiated coverage on shares of InvenTrust Properties in a report on Monday, April 28th. They set a “buy” rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $31.80.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $28.43 on Monday. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 157.94, a PEG ratio of 3.34 and a beta of 0.93. The firm’s fifty day moving average is $28.08 and its 200 day moving average is $29.35. The company has a quick ratio of 1.99, a current ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 52-week low of $23.69 and a 52-week high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.95 annualized dividend and a dividend yield of 3.34%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is currently 413.04%.

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.