Pictet Asset Management SA Buys Shares of 27,781 InvenTrust Properties Corp. (NYSE:IVT)

Pictet Asset Management SA bought a new stake in shares of InvenTrust Properties Corp. (NYSE:IVTGet Rating) in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm bought 27,781 shares of the company’s stock, valued at approximately $716,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Cranbrook Wealth Management LLC purchased a new position in InvenTrust Properties during the 1st quarter valued at about $27,000. Tradition Wealth Management LLC purchased a new stake in shares of InvenTrust Properties during the first quarter worth about $30,000. Ovata Capital Management Ltd purchased a new stake in shares of InvenTrust Properties during the first quarter worth about $35,000. MV Capital Management Inc. purchased a new stake in shares of InvenTrust Properties during the first quarter worth about $37,000. Finally, Money Concepts Capital Corp grew its holdings in shares of InvenTrust Properties by 82.5% during the second quarter. Money Concepts Capital Corp now owns 1,464 shares of the company’s stock worth $38,000 after buying an additional 662 shares in the last quarter. 51.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently commented on IVT shares. Bank of America started coverage on shares of InvenTrust Properties in a report on Thursday, September 29th. They set a “neutral” rating and a $26.00 price target for the company. TheStreet downgraded shares of InvenTrust Properties from a “c-” rating to a “d” rating in a report on Tuesday, November 1st.

InvenTrust Properties Price Performance

InvenTrust Properties stock opened at $24.95 on Thursday. InvenTrust Properties Corp. has a 1 year low of $20.82 and a 1 year high of $32.93. The firm has a 50 day moving average price of $23.72 and a 200 day moving average price of $26.34. The company has a market cap of $1.68 billion and a price-to-earnings ratio of 40.90. The company has a debt-to-equity ratio of 0.50, a quick ratio of 4.26 and a current ratio of 4.26.

InvenTrust Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 14th. Investors of record on Friday, September 30th were issued a $0.205 dividend. The ex-dividend date of this dividend was Thursday, September 29th. This represents a $0.82 dividend on an annualized basis and a yield of 3.29%. InvenTrust Properties’s payout ratio is 134.43%.

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.

Further Reading

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

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