InvenTrust Properties (NYSE:IVT) Sets New 12-Month High at $30.02

InvenTrust Properties Corp. (NYSE:IVT)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $30.02 and last traded at $30.00, with a volume of 15061 shares traded. The stock had previously closed at $29.79.

Wall Street Analyst Weigh In

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

InvenTrust Properties Price Performance

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 business has a 50-day simple moving average of $27.96 and a 200 day simple moving average of $25.90. The firm has a market cap of $2.03 billion, a P/E ratio of 298.50, a price-to-earnings-growth ratio of 4.68 and a beta of 0.99.

Institutional Investors Weigh In On InvenTrust Properties

Several institutional investors and hedge funds have recently modified their holdings of IVT. Quest Partners LLC bought a new position in InvenTrust Properties in the fourth quarter worth about $1,014,000. Susquehanna Fundamental Investments LLC purchased a new position in shares of InvenTrust Properties in the 1st quarter valued at approximately $737,000. Makena Capital Management LLC bought a new stake in shares of InvenTrust Properties during the fourth quarter valued at approximately $6,427,000. Vanguard Group Inc. boosted its position in shares of InvenTrust Properties by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,588,192 shares of the company’s stock valued at $246,512,000 after purchasing an additional 91,579 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its stake in InvenTrust Properties by 108.6% in the second quarter. Harbor Capital Advisors Inc. now owns 47,611 shares of the company’s stock worth $1,179,000 after purchasing an additional 24,791 shares during the period. 61.70% of the stock is owned by hedge funds and other institutional investors.

InvenTrust Properties Company Profile

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.