Strs Ohio Buys 42,500 Shares of InvenTrust Properties Corp. $IVT

Strs Ohio increased its stake in InvenTrust Properties Corp. (NYSE:IVT) by 308.0% during the first quarter, Holdings Channel.com reports. The fund owned 56,300 shares of the company’s stock after buying an additional 42,500 shares during the period. Strs Ohio’s holdings in InvenTrust Properties were worth $1,715,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its position in shares of InvenTrust Properties by 30.8% in the 4th quarter. Principal Financial Group Inc. now owns 6,189,709 shares of the company’s stock worth $174,612,000 after purchasing an additional 1,456,918 shares during the period. Millennium Management LLC increased its position in shares of InvenTrust Properties by 40.8% during the fourth quarter. Millennium Management LLC now owns 1,910,142 shares of the company’s stock worth $53,885,000 after buying an additional 553,184 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of InvenTrust Properties by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,380,478 shares of the company’s stock worth $38,943,000 after buying an additional 12,176 shares during the period. Centersquare Investment Management LLC raised its stake in InvenTrust Properties by 600.3% during the fourth quarter. Centersquare Investment Management LLC now owns 1,287,805 shares of the company’s stock worth $36,329,000 after buying an additional 1,103,911 shares during the last quarter. Finally, Vision Capital Corp raised its stake in InvenTrust Properties by 11.8% during the third quarter. Vision Capital Corp now owns 1,105,874 shares of the company’s stock worth $31,650,000 after buying an additional 116,402 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

InvenTrust Properties Price Performance

Shares of NYSE IVT opened at $35.70 on Wednesday. The firm’s 50-day moving average price is $33.53 and its 200-day moving average price is $31.41. InvenTrust Properties Corp. has a 1-year low of $26.52 and a 1-year high of $36.27. The firm has a market capitalization of $2.78 billion, a P/E ratio of 25.32, a P/E/G ratio of 2.89 and a beta of 0.78. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.54.

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

InvenTrust Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.25 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.00 annualized dividend and a yield of 2.8%. InvenTrust Properties’s dividend payout ratio is presently 70.92%.

Analysts Set New Price Targets

A number of analysts have commented on IVT shares. Wells Fargo & Company reaffirmed an “overweight” rating and set a $36.00 price target (up from $34.00) on shares of InvenTrust Properties in a research report on Tuesday, May 26th. BTIG Research restated a “buy” rating and set a $37.00 target price on shares of InvenTrust Properties in a research report on Friday, June 12th. Bank of America raised their target price on InvenTrust Properties from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, June 29th. Jefferies Financial Group upgraded InvenTrust Properties to a “strong-buy” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. increased their price target on InvenTrust Properties from $31.00 to $33.00 and gave the stock a “hold neutral” rating in a report on Wednesday, May 6th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $34.71.

About InvenTrust Properties

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.