Vanderbilt University Trims Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Vanderbilt University decreased its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 21.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 20,438 shares of the company’s stock after selling 5,727 shares during the quarter. Vanderbilt University’s holdings in InvenTrust Properties were worth $616,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVT. Mirae Asset Global Investments Co. Ltd. grew its position in InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company’s stock worth $75,000 after purchasing an additional 681 shares during the last quarter. CWM LLC increased its position in InvenTrust Properties by 9.3% in the 3rd quarter. CWM LLC now owns 9,022 shares of the company’s stock valued at $256,000 after acquiring an additional 766 shares during the period. Creekmur Asset Management LLC raised its stake in InvenTrust Properties by 96.7% during the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company’s stock valued at $46,000 after acquiring an additional 795 shares during the last quarter. Signature Estate & Investment Advisors LLC lifted its position in InvenTrust Properties by 6.9% during the 3rd quarter. Signature Estate & Investment Advisors LLC now owns 13,723 shares of the company’s stock worth $389,000 after acquiring an additional 882 shares during the period. Finally, Farmers & Merchants Investments Inc. purchased a new position in shares of InvenTrust Properties in the 3rd quarter valued at approximately $27,000. Institutional investors and hedge funds own 61.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised InvenTrust Properties from a “hold” rating to a “buy” rating and increased their price target for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $29.77 on Thursday. The company’s fifty day moving average is $29.97 and its two-hundred day moving average is $29.40. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The firm has a market capitalization of $2.30 billion, a P/E ratio of 330.80, a PEG ratio of 3.27 and a beta of 0.96. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Monday, December 30th were issued a $0.2263 dividend. The ex-dividend date was Monday, December 30th. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.04%. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.23. InvenTrust Properties’s dividend payout ratio is currently 1,011.22%.

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.