GSI Capital Advisors LLC grew its holdings in InvenTrust Properties Corp. (NYSE:IVT – Free Report) by 91.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 153,441 shares of the company’s stock after buying an additional 73,454 shares during the quarter. InvenTrust Properties makes up 2.4% of GSI Capital Advisors LLC’s portfolio, making the stock its 18th largest position. GSI Capital Advisors LLC owned 0.20% of InvenTrust Properties worth $4,329,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IVT. Comerica Bank increased 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 buying an additional 1,001 shares in the last quarter. Amundi increased its stake in shares of InvenTrust Properties by 9.8% in the first quarter. Amundi now owns 45,205 shares of the company’s stock valued at $1,268,000 after buying an additional 4,018 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of InvenTrust Properties by 29.3% in the first quarter. AQR Capital Management LLC now owns 10,282 shares of the company’s stock valued at $302,000 after buying an additional 2,331 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of InvenTrust Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 46,121 shares of the company’s stock valued at $1,355,000 after buying an additional 2,014 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in shares of InvenTrust Properties by 66.0% in the first quarter. Goldman Sachs Group Inc. now owns 695,263 shares of the company’s stock valued at $20,420,000 after buying an additional 276,474 shares in the last quarter. 61.70% of the stock is currently owned by institutional investors and hedge funds.
InvenTrust Properties Price Performance
Shares of IVT stock opened at $34.98 on Friday. The stock has a 50-day moving average price of $32.31 and a 200 day moving average price of $30.57. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.54. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 2.84 and a beta of 0.80. InvenTrust Properties Corp. has a 12 month low of $26.52 and a 12 month high of $35.54.
Analysts Set New Price Targets
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on InvenTrust Properties from $31.00 to $33.00 and gave the company a “hold neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered InvenTrust Properties from a “buy (b+)” rating to a “buy (b)” rating in a research note on Wednesday, June 3rd. Bank of America raised their target price on InvenTrust Properties from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wells Fargo & Company restated an “overweight” rating and issued a $36.00 target price (up from $34.00) on shares of InvenTrust Properties in a research note on Tuesday, May 26th. Finally, KeyCorp initiated coverage on InvenTrust Properties in a research note on Friday, March 6th. They issued an “overweight” rating and a $35.00 target price for the company. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $34.17.
Read Our Latest Research Report on InvenTrust Properties
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.
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