Vestcor Inc Purchases New Position in InvenTrust Properties Corp. $IVT

Vestcor Inc purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 56,394 shares of the company’s stock, valued at approximately $1,591,000.

Other large investors have also recently added to or reduced their stakes in the company. Comerica Bank raised its stake in shares of InvenTrust Properties by 80.5% in the first quarter. Comerica Bank now owns 2,245 shares of the company’s stock valued at $66,000 after acquiring an additional 1,001 shares during the last quarter. Amundi grew its position in InvenTrust Properties by 9.8% during the 1st quarter. Amundi now owns 45,205 shares of the company’s stock worth $1,268,000 after acquiring an additional 4,018 shares during the last quarter. AQR Capital Management LLC increased its holdings in InvenTrust Properties by 29.3% during the 1st quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock valued at $302,000 after purchasing an additional 2,331 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in InvenTrust Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock valued at $1,355,000 after purchasing an additional 2,014 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in InvenTrust Properties by 66.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock valued at $20,420,000 after purchasing an additional 276,474 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on IVT shares. Wells Fargo & Company restated an “overweight” rating and set a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a report on Tuesday, May 26th. KeyCorp began coverage on InvenTrust Properties in a report on Friday, March 6th. They issued an “overweight” rating and a $35.00 price target for the company. Bank of America upped their price target on shares of InvenTrust Properties from $36.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Wall Street Zen cut shares of InvenTrust Properties from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, JPMorgan Chase & Co. boosted their target price on shares of InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a research note on Wednesday, May 6th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.17.

InvenTrust Properties Stock Up 0.1%

NYSE IVT opened at $33.47 on Monday. The stock has a market capitalization of $2.61 billion, a P/E ratio of 23.74, a price-to-earnings-growth ratio of 2.74 and a beta of 0.80. InvenTrust Properties Corp. has a 52 week low of $26.52 and a 52 week high of $33.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a fifty day moving average of $31.98 and a 200-day moving average of $30.38.

InvenTrust Properties (NYSE:IVT) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The business had revenue of $82.58 million for the quarter, compared to analyst estimates of $78.79 million. InvenTrust Properties had a return on equity of 6.10% and a net margin of 35.66%.InvenTrust Properties has set its FY 2026 guidance at 1.920-1.960 EPS. On average, equities research analysts forecast that InvenTrust Properties Corp. will post 1.99 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were paid a $0.25 dividend. This is a boost from InvenTrust Properties’s previous quarterly dividend of $0.24. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.00 annualized dividend and a dividend yield of 3.0%. InvenTrust Properties’s payout ratio is 70.92%.

InvenTrust Properties Company Profile

InvenTrust Properties Corp is a self?managed real estate investment trust specializing in suburban and urban retail real estate. Headquartered in Downers Grove, Illinois, the company focuses on the acquisition, leasing and management of open?air shopping centers that serve everyday consumer needs.

The company’s portfolio is concentrated in neighborhood and community retail assets anchored by grocery stores, pharmacies and national service tenants. InvenTrust engages in active leasing strategies, property management services and selective development and redevelopment initiatives designed to enhance long?term cash flow and tenant mix.

InvenTrust Properties was created in 2019 through the spin?off of its predecessor, Inland Real Estate Investment Corp, and adopted its current name upon separation.