Y Intercept Hong Kong Ltd Invests $748,000 in InvenTrust Properties Corp. (NYSE:IVT)

Y Intercept Hong Kong Ltd bought a new position in InvenTrust Properties Corp. (NYSE:IVT) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 25,467 shares of the company’s stock, valued at approximately $748,000.

Several other institutional investors have also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new position in InvenTrust Properties during the 4th quarter valued at approximately $42,000. Bernard Wealth Management Corp. bought a new position in InvenTrust Properties during the 4th quarter valued at approximately $50,000. Quarry LP bought a new position in InvenTrust Properties during the 4th quarter valued at approximately $53,000. Ameriflex Group Inc. bought a new position in InvenTrust Properties during the 4th quarter valued at approximately $60,000. Finally, NewEdge Advisors LLC increased its position in InvenTrust Properties by 29.4% during the 4th quarter. NewEdge Advisors LLC now owns 2,046 shares of the company’s stock valued at $62,000 after buying an additional 465 shares in the last quarter. Institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Trading Up 0.1%

Shares of NYSE:IVT opened at $27.55 on Friday. The company has a market cap of $2.14 billion, a P/E ratio of 119.77, a PEG ratio of 3.11 and a beta of 0.88. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.43 and a quick ratio of 2.43. InvenTrust Properties Corp. has a 1 year low of $25.21 and a 1 year high of $31.65. The stock’s fifty day moving average price is $27.59 and its 200-day moving average price is $28.37.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th were issued a dividend of $0.2377 per share. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Monday, June 30th. InvenTrust Properties’s dividend payout ratio is presently 413.04%.

Wall Street Analyst Weigh In

Separately, BTIG Research began coverage on InvenTrust Properties in a research report on Monday, April 28th. They set a “buy” rating and a $31.00 price objective for the company. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $31.80.

InvenTrust Properties 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.