Los Angeles Capital Management LLC Takes Position in InvenTrust Properties Corp. (NYSE:IVT)

Los Angeles Capital Management LLC bought a new position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 10,792 shares of the company's stock, valued at approximately $325,000.

Other institutional investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. increased its holdings in InvenTrust Properties by 34.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after buying an additional 681 shares during the last quarter. Vestcor Inc acquired a new position in InvenTrust Properties during the third quarter worth $104,000. US Bancorp DE increased its holdings in InvenTrust Properties by 39.8% during the third quarter. US Bancorp DE now owns 3,810 shares of the company's stock worth $108,000 after buying an additional 1,085 shares during the last quarter. Truist Financial Corp acquired a new position in InvenTrust Properties during the fourth quarter worth $204,000. Finally, Atria Wealth Solutions Inc. acquired a new position in shares of InvenTrust Properties in the fourth quarter valued at $212,000. 61.70% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price objective for the company from $33.00 to $34.00 in a report on Thursday, January 2nd.

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InvenTrust Properties Stock Performance

Shares of NYSE:IVT traded down $0.15 on Friday, hitting $29.22. The company had a trading volume of 415,245 shares, compared to its average volume of 380,153. InvenTrust Properties Corp. has a 1-year low of $23.53 and a 1-year high of $31.65. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 162.33, a P/E/G ratio of 3.34 and a beta of 0.96. The stock has a 50 day moving average price of $29.66 and a 200 day moving average price of $29.75. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were given a $0.2263 dividend. This represents a $0.91 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend was Monday, December 30th. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is presently 500.00%.

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.