AlphaQuest LLC Buys 8,386 Shares of InvenTrust Properties Corp. (NYSE:IVT)

AlphaQuest LLC increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,187 shares of the company’s stock after purchasing an additional 8,386 shares during the quarter. AlphaQuest LLC’s holdings in InvenTrust Properties were worth $1,271,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in InvenTrust Properties by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company’s stock valued at $15,682,000 after buying an additional 35,428 shares during the period. Barclays PLC lifted its holdings in InvenTrust Properties by 285.3% in the third quarter. Barclays PLC now owns 109,027 shares of the company’s stock valued at $3,093,000 after buying an additional 80,728 shares during the period. Thrivent Financial for Lutherans acquired a new position in InvenTrust Properties in the third quarter valued at approximately $1,980,000. Entropy Technologies LP acquired a new position in InvenTrust Properties in the fourth quarter valued at approximately $536,000. Finally, Rhumbline Advisers lifted its holdings in InvenTrust Properties by 11.2% in the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company’s stock valued at $4,092,000 after buying an additional 13,722 shares during the period. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Trading Down 0.5 %

IVT opened at $29.22 on Monday. The firm’s fifty day moving average is $29.66 and its two-hundred day moving average is $29.77. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market cap of $2.26 billion, a PE ratio of 162.33, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65.

InvenTrust Properties (NYSE:IVT) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th were issued a $0.2263 dividend. The ex-dividend date of this dividend was Monday, December 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a yield of 3.10%. InvenTrust Properties’s dividend payout ratio (DPR) is 500.00%.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Company Profile

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.