Vestcor Inc Buys Shares of 56,394 InvenTrust Properties Corp. $IVT

Vestcor Inc bought a new position in InvenTrust Properties Corp. (NYSE:IVT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 56,394 shares of the company’s stock, valued at approximately $1,591,000. Vestcor Inc owned approximately 0.07% of InvenTrust Properties as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. EverSource Wealth Advisors LLC lifted its stake in shares of InvenTrust Properties by 44.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,369 shares of the company’s stock valued at $38,000 after purchasing an additional 418 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in InvenTrust Properties by 82.3% in the fourth quarter. Global Retirement Partners LLC now owns 1,376 shares of the company’s stock worth $39,000 after purchasing an additional 621 shares in the last quarter. Avalon Trust Co acquired a new position in InvenTrust Properties during the third quarter worth $43,000. Danske Bank A S raised its holdings in InvenTrust Properties by 220.0% during the fourth quarter. Danske Bank A S now owns 1,600 shares of the company’s stock valued at $45,000 after buying an additional 1,100 shares in the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in InvenTrust Properties by 208.4% during the third quarter. Newbridge Financial Services Group Inc. now owns 1,696 shares of the company’s stock valued at $49,000 after buying an additional 1,146 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.

Analysts Set New Price Targets

IVT has been the subject of several recent analyst reports. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Bank of America raised their price objective on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. KeyCorp started coverage on InvenTrust Properties in a research report on Friday, March 6th. They set an “overweight” rating and a $35.00 target price for the company. Finally, Weiss Ratings downgraded InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.17.

InvenTrust Properties Stock Up 0.1%

IVT stock opened at $33.47 on Monday. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of 23.74, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. The company has a 50-day moving average of $31.98 and a two-hundred day moving average of $30.38. InvenTrust Properties Corp. has a 52-week low of $26.52 and a 52-week high of $33.79. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.46 and a quick ratio of 1.46.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.The business had revenue of $82.58 million for the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. As a group, equities research analysts anticipate that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, March 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from InvenTrust Properties’s previous quarterly dividend of $0.24. InvenTrust Properties’s dividend payout ratio is 70.92%.

About InvenTrust Properties

InvenTrust Properties Corp is a self‐managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open‐air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long‐term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin‐off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.