Belpointe Asset Management LLC has acquired a new equity position in InvenTrust Properties Corp. (NYSE: IVT – Get a rating) in Q1, according to its latest filing with the Securities & Exchange Commission. The fund acquired 3,905 shares of the company, valued at around $120,000.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Executive Wealth Management LLC purchased a new stake in shares of InvenTrust Properties during the first quarter for a value of $4,254,000. Koshinski Asset Management Inc. purchased a new stake in shares of InvenTrust Properties during the first quarter for a value of $2,533,000. Strs Ohio purchased a new stake in shares of InvenTrust Properties during the first quarter at a value of $2,269,000. Cedar Brook Financial Partners LLC purchased a new stake in shares of InvenTrust Properties during the first quarter for a value of $1,436,000. Finally, AdvisorNet Financial Inc purchased a new stake in the shares of InvenTrust Properties during the first quarter for a value of $1,116,000. 44.09% of the shares are held by hedge funds and other institutional investors.
Inventory of InvenTrust properties down 0.9%
NYSE: IVT opened at $26.46 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt ratio of 0.43. The stock has a fifty-day simple moving average of $27.87 and a 200-day simple moving average of $27.96. InvenTrust Properties Corp. has a 12-month low of $1.10 and a 12-month high of $32.93.
InvenTrust properties (NYSE: IVT – Get a rating) last released its quarterly earnings data on Monday, May 2. The company reported earnings per share of $0.14 for the quarter, beating the consensus estimate of $0.03 by $0.11.
InvenTrust Properties cuts dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15. Investors of record on Thursday, June 30 received a dividend of $0.205. The ex-dividend date was Wednesday, June 29. This represents an annualized dividend of $0.82 and a dividend yield of 3.10%.
Wall Street analysts predict growth
Separately, Compass Point began covering InvenTrust Properties in a research report on Friday, April 22. They set a “neutral” rating and a target price of $32.00 for the company.
InvenTrust Properties Profile
InvenTrust Properties Corp. is a leading multi-tenant retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood centers, and selects power centers that often have a grocery component, primarily in Sun Belt markets with favorable demographics. We are looking to continue executing our strategy to enhance our multi-tenant retail platform by investing more in grocery-anchored centers with essential retail businesses in our current markets, while demonstrating a targeted and disciplined capital allocation.
Receive daily news and reviews for InvenTrust properties – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for InvenTrust Properties and related companies with MarketBeat.com’s free daily email newsletter.