Creekmur Asset Management LLC Purchases 795 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Creekmur Asset Management LLC boosted its position in shares of InvenTrust Properties Corp. (NYSE:IVT) by 96.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,617 shares of the company’s stock after buying an additional 795 shares during the quarter. Creekmur Asset Management LLC’s holdings in InvenTrust Properties were worth $46,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in InvenTrust Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock worth $246,512,000 after acquiring an additional 91,579 shares in the last quarter. Principal Financial Group Inc. raised its position in InvenTrust Properties by 26.4% during the second quarter. Principal Financial Group Inc. now owns 3,378,512 shares of the company’s stock worth $83,652,000 after acquiring an additional 706,437 shares in the last quarter. Millennium Management LLC increased its holdings in shares of InvenTrust Properties by 13.9% in the second quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after purchasing an additional 122,248 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of InvenTrust Properties by 4.5% in the second quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company’s stock valued at $20,125,000 after purchasing an additional 35,051 shares during the last quarter. Finally, Makena Capital Management LLC increased its holdings in shares of InvenTrust Properties by 28.6% in the second quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock valued at $8,494,000 after purchasing an additional 76,316 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Price Performance

NYSE:IVT opened at $29.43 on Wednesday. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.24 and a quick ratio of 1.24. The firm’s fifty day moving average price is $29.20 and its two-hundred day moving average price is $26.81. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $30.33. The company has a market cap of $2.00 billion, a P/E ratio of 294.30, a P/E/G ratio of 3.52 and a beta of 0.98.

InvenTrust Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a $0.226 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 3.07%. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

Wall Street Analysts Forecast Growth

IVT has been the topic of several research reports. Compass Point upped their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a report on Tuesday, September 10th. Wells Fargo & Company upped their price objective on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a report on Wednesday, August 28th. Finally, Bank of America upgraded shares of InvenTrust Properties from a “neutral” rating to a “buy” rating and upped their price objective for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

InvenTrust Properties Company Profile

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.