Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in InvenTrust Properties Corp. (NYSE: IVT – Get an assessment) in the first trimester, HoldingsChannel.com reports. The fund bought 8,406 shares of the company, valued at around $259,000.
A number of other big investors have also recently bought and sold shares of the company. Executive Wealth Management LLC purchased a new stock position of InvenTrust Properties during Q1 valued at $4,254,000. Cedar Brook Financial Partners LLC purchased a new stock position of InvenTrust Properties during Q1 for a value of $1,436,000. AdvisorNet Financial Inc bought a new stock position of InvenTrust Properties during Q1 for a value of $1,116,000. Bremer Bank National Association bought a new position in shares of InvenTrust Properties during the 1st quarter for a value of $340,000. Finally, Redpoint Investment Management Pty Ltd bought a new position in shares of InvenTrust Properties during Q1 worth $225,000. 44.09% of the shares are held by institutional investors and hedge funds.
IVT opened at $25.99 on Friday. The company has a debt ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.24. InvenTrust Properties Corp. has a fifty-two week low of $1.10 and a fifty-two week high of $32.93. The company’s fifty-day moving average is $28.80 and its 200-day moving average is $28.05.
InvenTrust properties (NYSE: IVT – Get an assessment) last released its results on Monday, May 2. The company reported earnings per share of $0.14 for the quarter, beating consensus analyst estimates of $0.03 by $0.11.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Investors of record on Thursday, June 30 will receive a dividend of $0.205 per share. This represents a dividend of $0.82 on an annualized basis and a dividend yield of 3.16%. The ex-dividend date is Wednesday, June 29.
Separately, Compass Point launched a hedge on the shares of InvenTrust Properties in a Friday, April 22 research note. They set a “neutral” rating and a price target of $32.00 on the stock.
InvenTrust Properties Company Profile (Get an assessment)
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.
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