Quadrature Capital Ltd Acquires Shares of 24,242 InvenTrust Properties Corp. (NYSE:IVT)

Quadrature Capital Ltd bought a new position in InvenTrust Properties Corp. (NYSE:IVT) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 24,242 shares of the company’s stock, valued at approximately $687,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. grew its position in shares of InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company’s stock worth $116,808,000 after buying an additional 738,784 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in InvenTrust Properties by 17.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company’s stock valued at $33,467,000 after acquiring an additional 175,838 shares in the last quarter. Millennium Management LLC increased its position in InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after purchasing an additional 122,248 shares during the period. Dimensional Fund Advisors LP raised its holdings in InvenTrust Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock worth $20,125,000 after purchasing an additional 35,051 shares in the last quarter. Finally, FMR LLC lifted its position in shares of InvenTrust Properties by 22,456.4% in the 3rd quarter. FMR LLC now owns 580,602 shares of the company’s stock worth $16,472,000 after purchasing an additional 578,028 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Stock Performance

Shares of IVT opened at $31.20 on Monday. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2.41 billion, a P/E ratio of 346.71, a P/E/G ratio of 3.59 and a beta of 0.97. The business’s 50 day moving average price is $30.01 and its 200-day moving average price is $27.92.

InvenTrust Properties (NYSE:IVT) last released its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.44). The company had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same quarter in the prior year, the company posted $0.41 earnings per share. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a yield of 2.90%. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

Wall Street Analyst Weigh In

Several analysts have commented on IVT shares. Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $30.00 to $33.00 in a report on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a research report on Tuesday, November 19th. They set a “hold” rating and a $33.00 price target on the stock. Wells Fargo & Company upped their price target on InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 28th. Finally, Compass Point boosted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th.

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.