Public Employees Retirement System of Ohio Buys 61,891 Shares of InvenTrust Properties Corp. $IVT

Public Employees Retirement System of Ohio increased its position in InvenTrust Properties Corp. (NYSE:IVT) by 87.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 132,975 shares of the company’s stock after acquiring an additional 61,891 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in InvenTrust Properties were worth $4,050,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC bought a new stake in InvenTrust Properties during the 1st quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its stake in InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock worth $38,000 after purchasing an additional 418 shares in the last quarter. Global Retirement Partners LLC lifted its stake in InvenTrust Properties by 82.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after purchasing an additional 621 shares in the last quarter. Danske Bank A S boosted its holdings in InvenTrust Properties by 220.0% in the 4th quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after purchasing an additional 1,100 shares during the period. Finally, Prosperity Bancshares Inc bought a new position in InvenTrust Properties in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 61.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on IVT shares. JPMorgan Chase & Co. upped their price target on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. Weiss Ratings raised InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research note on Wednesday, July 15th. Bank of America lifted their price objective on InvenTrust Properties from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, June 29th. Wall Street Zen cut InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, July 18th. Finally, BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of InvenTrust Properties in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $35.14.

InvenTrust Properties Trading Down 1.8%

Shares of InvenTrust Properties stock opened at $35.15 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46. InvenTrust Properties Corp. has a 1 year low of $26.81 and a 1 year high of $37.22. The firm has a market cap of $2.74 billion, a PE ratio of 24.93, a PEG ratio of 2.93 and a beta of 0.78. The company has a 50 day simple moving average of $34.89 and a two-hundred day simple moving average of $32.30.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The firm had revenue of $82.58 million for the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. Analysts expect that InvenTrust Properties Corp. will post 1.99 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.25 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.8%. InvenTrust Properties’s payout ratio is 70.92%.

InvenTrust Properties 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.