Susquehanna Portfolio Strategies LLC Sells 8,120 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Susquehanna Portfolio Strategies LLC cut its holdings in InvenTrust Properties Corp. (NYSE:IVT) by 49.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,423 shares of the company’s stock after selling 8,120 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in InvenTrust Properties were worth $209,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IVT. Susquehanna Fundamental Investments LLC lifted its holdings in shares of InvenTrust Properties by 9.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 31,488 shares of the company’s stock valued at $780,000 after purchasing an additional 2,822 shares in the last quarter. Makena Capital Management LLC raised its position in InvenTrust Properties by 28.6% in the 2nd quarter. Makena Capital Management LLC now owns 343,038 shares of the company’s stock worth $8,494,000 after buying an additional 76,316 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in InvenTrust Properties by 4.6% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 35,648 shares of the company’s stock valued at $883,000 after acquiring an additional 1,557 shares during the period. Millennium Management LLC boosted its holdings in shares of InvenTrust Properties by 13.9% during the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company’s stock valued at $24,732,000 after acquiring an additional 122,248 shares during the last quarter. Finally, Deerfield Management Company L.P. Series C grew its stake in shares of InvenTrust Properties by 20.2% in the second quarter. Deerfield Management Company L.P. Series C now owns 17,390 shares of the company’s stock worth $431,000 after acquiring an additional 2,920 shares during the period. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Trading Up 0.4 %

Shares of IVT stock opened at $28.32 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.24 and a current ratio of 1.24. The stock has a fifty day simple moving average of $28.44 and a two-hundred day simple moving average of $26.11. The firm has a market capitalization of $1.92 billion, a PE ratio of 283.20, a PEG ratio of 4.83 and a beta of 0.99. InvenTrust Properties Corp. has a 52-week low of $22.61 and a 52-week high of $30.33.

InvenTrust Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.226 per share. This represents a $0.90 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend is Monday, September 30th. InvenTrust Properties’s dividend payout ratio (DPR) is presently 900.00%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IVT. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, August 28th. Compass Point upped their price objective on InvenTrust Properties from $28.00 to $29.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th.

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.