Redpoint Investment Management Pty Ltd bought a new stake in shares of InvenTrust Properties Corp. (NYSE:IVT – Get Rating) during the first quarter, Holdings Channel reports. The fund bought 7,309 shares of the company’s stock, valued at approximately $225,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Executive Wealth Management LLC bought a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $4,254,000. Cedar Brook Financial Partners LLC bought a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $1,436,000. Finally, Bremer Bank National Association bought a new stake in shares of InvenTrust Properties in the 1st quarter valued at about $340,000. 44.09% of the stock is currently owned by institutional investors and hedge funds.
Separately, Compass Point started coverage on shares of InvenTrust Properties in a report on Friday, April 22nd. They issued a “neutral” rating and a $32.00 price target on the stock.
NYSE:IVT opened at $26.29 on Friday. InvenTrust Properties Corp. has a fifty-two week low of $1.10 and a fifty-two week high of $32.93. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. The company’s 50-day simple moving average is $29.25 and its 200-day simple moving average is $28.10.
InvenTrust Properties (NYSE:IVT – Get Rating) last released its quarterly earnings results on Monday, May 2nd. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.03 by $0.11.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Thursday, June 30th will be paid a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 3.12%. The ex-dividend date of this dividend is Wednesday, June 29th.
InvenTrust Properties Company Profile (Get Rating)
InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.
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