abrdn plc Makes New Investment in InvenTrust Properties Corp. (NYSE:IVT)

abrdn plc bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVTGet Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 15,892 shares of the company’s stock, valued at approximately $486,000.

Other institutional investors also recently made changes to their positions in the company. Winch Advisory Services LLC purchased a new stake in shares of InvenTrust Properties during the 1st quarter worth $31,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of InvenTrust Properties during the 1st quarter worth $32,000. Newbridge Financial Services Group Inc. acquired a new position in shares of InvenTrust Properties during the 1st quarter worth $41,000. Parallel Advisors LLC acquired a new position in shares of InvenTrust Properties during the 1st quarter worth $41,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of InvenTrust Properties during the 1st quarter worth $45,000. 44.09% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Compass Point assumed coverage on InvenTrust Properties in a research note on Friday, April 22nd. They set a “neutral” rating and a $32.00 price target for the company.

InvenTrust Properties Trading Down 0.6 %

Shares of IVT stock opened at $28.03 on Thursday. The firm has a 50-day moving average price of $27.64 and a 200 day moving average price of $28.05. InvenTrust Properties Corp. has a twelve month low of $1.10 and a twelve month high of $32.93. The company has a market capitalization of $1.89 billion and a price-to-earnings ratio of 42.47. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

InvenTrust Properties (NYSE:IVTGet Rating) last posted its quarterly earnings data on Monday, August 1st. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.03. InvenTrust Properties had a net margin of 19.64% and a return on equity of 2.76%.

InvenTrust Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were issued a $0.205 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Wednesday, June 29th. InvenTrust Properties’s dividend payout ratio is presently 124.24%.

About InvenTrust Properties

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InvenTrust Properties Corp. is a premier multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and select power centers that often have a grocery component, predominantly in Sun Belt markets with favorable demographics. We seek to continue to execute our strategy to enhance our multi-tenant retail platform by further investing in grocery-anchored centers with essential retail in our current markets, while exhibiting focused and disciplined capital allocation.

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Institutional Ownership by Quarter for InvenTrust Properties (NYSE:IVT)

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