Picton Mahoney Asset Management Cuts Position in InvenTrust Properties Corp. $IVT

Picton Mahoney Asset Management lowered its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 26.6% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 126,428 shares of the company’s stock after selling 45,917 shares during the quarter. Picton Mahoney Asset Management’s holdings in InvenTrust Properties were worth $3,620,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Choreo LLC purchased a new position in shares of InvenTrust Properties in the 3rd quarter valued at about $403,000. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in InvenTrust Properties by 3.6% during the third quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 58,062 shares of the company’s stock worth $1,662,000 after buying an additional 2,000 shares during the period. Centersquare Investment Management LLC purchased a new position in InvenTrust Properties in the third quarter valued at about $5,263,000. Greenland Capital Management LP acquired a new stake in shares of InvenTrust Properties during the 3rd quarter valued at approximately $429,000. Finally, Avalon Trust Co acquired a new stake in shares of InvenTrust Properties during the 3rd quarter valued at approximately $43,000. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Stock Up 0.8%

Shares of NYSE:IVT opened at $31.16 on Friday. The company has a quick ratio of 1.17, a current ratio of 1.17 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $2.42 billion, a P/E ratio of 21.79, a P/E/G ratio of 2.89 and a beta of 0.84. InvenTrust Properties Corp. has a 52-week low of $25.21 and a 52-week high of $31.91. The stock’s fifty day simple moving average is $29.66 and its 200-day simple moving average is $28.95.

InvenTrust Properties (NYSE:IVT) last announced its earnings results on Tuesday, February 10th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.42). InvenTrust Properties had a net margin of 37.24% and a return on equity of 6.22%. The firm had revenue of $77.38 million during the quarter, compared to analyst estimates of $76.23 million. InvenTrust Properties has set its FY 2026 guidance at 1.910-1.950 EPS. As a group, equities research analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were paid a dividend of $0.2377 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $0.95 annualized dividend and a dividend yield of 3.1%. InvenTrust Properties’s dividend payout ratio is presently 66.43%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of InvenTrust Properties in a research note on Monday, December 29th. Jefferies Financial Group restated a “buy” rating and issued a $33.00 price target (up from $32.00) on shares of InvenTrust Properties in a research report on Monday, December 15th. KeyCorp started coverage on shares of InvenTrust Properties in a research report on Friday. They issued an “overweight” rating on the stock. Finally, Wall Street Zen downgraded shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $31.60.

InvenTrust Properties Company Profile

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.