SG Americas Securities LLC Invests $792,000 in InvenTrust Properties Corp. $IVT

SG Americas Securities LLC bought a new stake in InvenTrust Properties Corp. (NYSE:IVT) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 27,657 shares of the company’s stock, valued at approximately $792,000.

A number of other hedge funds have also recently added to or reduced their stakes in IVT. Wealth Enhancement Advisory Services LLC boosted its position in shares of InvenTrust Properties by 67.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 28,543 shares of the company’s stock worth $784,000 after purchasing an additional 11,499 shares in the last quarter. Strs Ohio acquired a new stake in shares of InvenTrust Properties in the first quarter valued at about $429,000. Asset Management One Co. Ltd. lifted its stake in shares of InvenTrust Properties by 4.2% in the second quarter. Asset Management One Co. Ltd. now owns 170,322 shares of the company’s stock valued at $4,667,000 after purchasing an additional 6,790 shares during the period. Bank of New York Mellon Corp boosted its holdings in InvenTrust Properties by 4.2% during the second quarter. Bank of New York Mellon Corp now owns 343,373 shares of the company’s stock worth $9,408,000 after buying an additional 13,765 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co grew its position in InvenTrust Properties by 15.6% during the second quarter. Elo Mutual Pension Insurance Co now owns 24,550 shares of the company’s stock worth $673,000 after buying an additional 3,320 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

InvenTrust Properties Stock Down 0.1%

IVT stock opened at $29.04 on Wednesday. The company has a 50 day moving average price of $28.48 and a two-hundred day moving average price of $28.32. InvenTrust Properties Corp. has a one year low of $25.21 and a one year high of $31.04. The stock has a market capitalization of $2.25 billion, a P/E ratio of 18.98, a PEG ratio of 3.05 and a beta of 0.85. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.68 and a current ratio of 1.68.

InvenTrust Properties (NYSE:IVT) last posted its quarterly earnings results on Tuesday, October 28th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.37). InvenTrust Properties had a net margin of 40.46% and a return on equity of 6.65%. The business had revenue of $74.47 million during the quarter, compared to analysts’ expectations of $73.57 million. InvenTrust Properties has set its FY 2025 guidance at 1.800-1.830 EPS. As a group, sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were issued a $0.2377 dividend. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date was Tuesday, December 30th. InvenTrust Properties’s dividend payout ratio (DPR) is 62.09%.

Analyst Upgrades and Downgrades

IVT has been the subject of a number of research reports. JPMorgan Chase & Co. began coverage on shares of InvenTrust Properties in a research report on Friday, October 17th. They set a “neutral” rating and a $30.00 price target for the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $33.00 price objective (up from $32.00) on shares of InvenTrust Properties in a report on Monday, December 15th. Wells Fargo & Company started coverage on InvenTrust Properties in a research report on Tuesday, October 21st. They set an “overweight” rating and a $33.00 target price on the stock. Weiss Ratings restated a “buy (b)” rating on shares of InvenTrust Properties in a research report on Monday, December 29th. Finally, Wall Street Zen downgraded InvenTrust Properties from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, InvenTrust Properties currently has a consensus rating of “Moderate Buy” and an average target price of $31.60.

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.