InvenTrust Properties (NYSE:IVT) Hits New 12-Month High at $29.95

InvenTrust Properties Corp. (NYSE:IVT) shares reached a new 52-week high during trading on Thursday . The company traded as high as $29.95 and last traded at $29.67, with a volume of 29784 shares traded. The stock had previously closed at $29.41.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company lifted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, August 28th.

InvenTrust Properties Stock Down 0.8 %

The company has a market cap of $1.98 billion, a price-to-earnings ratio of 291.40, a price-to-earnings-growth ratio of 4.75 and a beta of 0.99. 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 firm’s fifty day moving average price is $27.16 and its 200-day moving average price is $25.65.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors have recently added to or reduced their stakes in IVT. International Assets Investment Management LLC bought a new stake in InvenTrust Properties in the 4th quarter valued at $757,000. Van ECK Associates Corp lifted its position in InvenTrust Properties by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 9,529 shares of the company’s stock valued at $241,000 after acquiring an additional 1,567 shares in the last quarter. Victory Capital Management Inc. bought a new stake in InvenTrust Properties in the 4th quarter valued at $230,000. Charles Schwab Investment Management Inc. lifted its position in InvenTrust Properties by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 874,699 shares of the company’s stock valued at $22,165,000 after acquiring an additional 16,760 shares in the last quarter. Finally, Principal Securities Inc. bought a new stake in InvenTrust Properties in the 4th quarter valued at $28,000. 61.70% of the stock is owned by institutional investors.

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.