CoreCap Advisors LLC Takes $56,000 Position in InvenTrust Properties Corp. (NYSE:IVT)

Posted by Defense World Staff on Jun 1st, 2023

CoreCap Advisors LLC acquired a new position in InvenTrust Properties Corp. (NYSE:IVT – Get Rating) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,349 shares of the company’s stock, valued at approximately $56,000.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in InvenTrust Properties by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 9,570,784 shares of the company’s stock worth $204,145,000 after acquiring an additional 28,579 shares during the last quarter. BlackRock Inc. increased its holdings in InvenTrust Properties by 4.4% in the 3rd quarter. BlackRock Inc. now owns 6,113,361 shares of the company’s stock worth $130,397,000 after acquiring an additional 255,336 shares during the last quarter. State Street Corp increased its holdings in InvenTrust Properties by 2.8% in the 3rd quarter. State Street Corp now owns 2,631,462 shares of the company’s stock worth $56,632,000 after acquiring an additional 71,249 shares during the last quarter. Northern Trust Corp increased its holdings in InvenTrust Properties by 167.5% in the 2nd quarter. Northern Trust Corp now owns 776,100 shares of the company’s stock worth $20,016,000 after acquiring an additional 485,917 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. purchased a new stake in InvenTrust Properties in the 1st quarter worth about $20,038,000. Hedge funds and other institutional investors own 51.76% of the company’s stock.

Analysts Set New Price Targets

IVT has been the subject of several recent research reports. Compass Point decreased their price objective on InvenTrust Properties from $25.00 to $23.00 and set a “neutral” rating for the company in a report on Monday, March 27th. Wells Fargo & Company started coverage on InvenTrust Properties in a report on Tuesday, May 23rd. They set an “overweight” rating and a $25.00 target price for the company. Finally, TheStreet lowered InvenTrust Properties from a “c” rating to a “d+” rating in a report on Friday, April 28th.

InvenTrust Properties Stock Up 1.3 %

IVT stock opened at $21.47 on Thursday. The company has a quick ratio of 2.26, a current ratio of 2.26 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $1.45 billion, a PE ratio of 33.03, a PEG ratio of 5.55 and a beta of 1.34. InvenTrust Properties Corp. has a twelve month low of $20.76 and a twelve month high of $32.93. The stock has a 50-day simple moving average of $22.30 and a two-hundred day simple moving average of $23.35.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 14th. Shareholders of record on Friday, March 31st were issued a dividend of $0.2155 per share. This represents a $0.86 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date of this dividend was Thursday, March 30th. This is a positive change from InvenTrust Properties’s previous quarterly dividend of $0.21. InvenTrust Properties’s payout ratio is presently 132.31%.

InvenTrust Properties Company Profile

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InvenTrust Properties Corp. engages in the ownership, management, acquisition and development of multi-tenant retail platform. Its retail properties includes grocery-anchored community, neighborhood centers and necessity-based power centers. The company was founded on October 4, 2004 and is headquartered in Downers Grove, IL.