Van ECK Associates Corp Grows Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Van ECK Associates Corp boosted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT) by 6.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,426 shares of the company’s stock after buying an additional 674 shares during the period. Van ECK Associates Corp’s holdings in InvenTrust Properties were worth $258,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVT. Principal Securities Inc. bought a new position in InvenTrust Properties in the 4th quarter valued at $28,000. Hantz Financial Services Inc. bought a new position in InvenTrust Properties in the 2nd quarter valued at $57,000. Beacon Capital Management LLC grew its position in InvenTrust Properties by 23.3% in the 2nd quarter. Beacon Capital Management LLC now owns 3,663 shares of the company’s stock valued at $91,000 after acquiring an additional 693 shares during the last quarter. EntryPoint Capital LLC grew its position in InvenTrust Properties by 899.3% in the 1st quarter. EntryPoint Capital LLC now owns 4,077 shares of the company’s stock valued at $105,000 after acquiring an additional 3,669 shares during the last quarter. Finally, Global Financial Private Client LLC grew its position in InvenTrust Properties by 20.0% in the 2nd quarter. Global Financial Private Client LLC now owns 5,992 shares of the company’s stock valued at $148,000 after acquiring an additional 1,000 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company’s stock.

InvenTrust Properties Price Performance

IVT opened at $29.25 on Tuesday. InvenTrust Properties Corp. has a 12-month low of $22.61 and a 12-month high of $29.95. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $27.35 and its 200-day simple moving average is $25.71. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 292.50, a PEG ratio of 4.66 and a beta of 0.99.

Analysts Set New Price Targets

Separately, Wells Fargo & Company upped their price objective on InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research report on Wednesday, August 28th.

About InvenTrust Properties

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.