InvenTrust Properties Corp. $IVT Shares Bought by Entropy Technologies LP

Entropy Technologies LP grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 145.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 25,272 shares of the company’s stock after acquiring an additional 14,976 shares during the quarter. Entropy Technologies LP’s holdings in InvenTrust Properties were worth $770,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in InvenTrust Properties in the 1st quarter valued at about $222,000. Renaissance Technologies LLC bought a new position in InvenTrust Properties in the 1st quarter worth about $3,716,000. Public Employees Retirement System of Ohio increased its stake in shares of InvenTrust Properties by 87.1% in the first quarter. Public Employees Retirement System of Ohio now owns 132,975 shares of the company’s stock valued at $4,050,000 after purchasing an additional 61,891 shares during the period. Sei Investments Co. increased its stake in shares of InvenTrust Properties by 61.7% in the first quarter. Sei Investments Co. now owns 106,373 shares of the company’s stock valued at $3,240,000 after purchasing an additional 40,600 shares during the period. Finally, Cetera Investment Advisers raised its holdings in shares of InvenTrust Properties by 9.8% during the first quarter. Cetera Investment Advisers now owns 69,809 shares of the company’s stock valued at $2,126,000 after buying an additional 6,251 shares during the last quarter. Institutional investors own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on IVT. Weiss Ratings upgraded InvenTrust Properties from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday, July 15th. BTIG Research restated a “buy” rating and issued a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, June 12th. Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, July 18th. Wells Fargo & Company set a $39.00 target price on InvenTrust Properties and gave the company an “overweight” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their price target on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $35.14.

InvenTrust Properties Stock Down 0.7%

InvenTrust Properties stock opened at $36.04 on Wednesday. InvenTrust Properties Corp. has a 52 week low of $26.81 and a 52 week high of $37.22. The stock has a market cap of $2.81 billion, a price-to-earnings ratio of 25.56, a PEG ratio of 2.97 and a beta of 0.78. The company’s 50-day moving average price is $34.78 and its two-hundred day moving average price is $32.21. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The company had revenue of $82.58 million during the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a net margin of 35.66% and a return on equity of 6.10%. On average, analysts expect that InvenTrust Properties Corp. will post 1.99 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Tuesday, June 30th. InvenTrust Properties’s dividend payout ratio (DPR) is currently 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.