Dimensional Fund Advisors LP Buys 35,051 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Dimensional Fund Advisors LP boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 4.5% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 812,825 shares of the company’s stock after purchasing an additional 35,051 shares during the quarter. Dimensional Fund Advisors LP owned about 1.20% of InvenTrust Properties worth $20,125,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Susquehanna Fundamental Investments LLC acquired a new stake in shares of InvenTrust Properties in the first quarter valued at about $737,000. Vanguard Group Inc. grew its holdings in InvenTrust Properties by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after buying an additional 91,579 shares during the last quarter. Harbor Capital Advisors Inc. increased its position in InvenTrust Properties by 108.6% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock worth $1,179,000 after buying an additional 24,791 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of InvenTrust Properties by 8.6% during the second quarter. Bank of New York Mellon Corp now owns 327,598 shares of the company’s stock worth $8,111,000 after buying an additional 25,918 shares during the last quarter. Finally, Hsbc Holdings PLC boosted its position in shares of InvenTrust Properties by 9.2% in the fourth quarter. Hsbc Holdings PLC now owns 47,831 shares of the company’s stock valued at $1,214,000 after acquiring an additional 4,049 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Performance

IVT opened at $29.21 on Friday. The stock has a market cap of $1.98 billion, a PE ratio of 289.70, a P/E/G ratio of 4.83 and a beta of 0.99. InvenTrust Properties Corp. has a 1 year low of $22.82 and a 1 year high of $30.33. The stock’s 50 day simple moving average is $28.56 and its 200-day simple moving average is $26.19. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53.

InvenTrust Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a $0.226 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Monday, September 30th. InvenTrust Properties’s dividend payout ratio is 900.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Bank of America raised shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $33.00 in a research report on Thursday. Wells Fargo & Company boosted their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th. Finally, Compass Point increased their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th.

About InvenTrust Properties

InvenTrust Properties Corp. (the “Company,” “IVT,” or “InvenTrust”) is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.