Jennison Associates LLC Invests $664,000 in InvenTrust Properties Corp. (NYSE:IVT)

Jennison Associates LLC purchased a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 23,400 shares of the company's stock, valued at approximately $664,000.

Other institutional investors have also made changes to their positions in the company. Executive Wealth Management LLC grew its holdings in InvenTrust Properties by 4.3% in the 2nd quarter. Executive Wealth Management LLC now owns 9,703 shares of the company's stock valued at $240,000 after buying an additional 400 shares during the last quarter. Arizona State Retirement System raised its stake in InvenTrust Properties by 2.3% during the 2nd quarter. Arizona State Retirement System now owns 18,982 shares of the company's stock valued at $470,000 after purchasing an additional 423 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its holdings in InvenTrust Properties by 2.0% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,975 shares of the company's stock valued at $745,000 after purchasing an additional 565 shares during the period. Van ECK Associates Corp boosted its holdings in InvenTrust Properties by 6.9% in the 2nd quarter. Van ECK Associates Corp now owns 10,426 shares of the company's stock valued at $258,000 after purchasing an additional 674 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after purchasing an additional 681 shares during the last quarter. 61.70% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group assumed coverage on shares of InvenTrust Properties in a research note on Tuesday, November 19th. They issued a "hold" rating and a $33.00 target price for the company. Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $30.00 to $33.00 in a research report on Thursday, October 3rd. Compass Point raised their target price on InvenTrust Properties from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Finally, Wells Fargo & Company boosted their price target on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a report on Wednesday, August 28th.

InvenTrust Properties Price Performance

Shares of IVT traded down $0.16 during mid-day trading on Friday, reaching $30.75. The company had a trading volume of 320,609 shares, compared to its average volume of 410,182. The company's 50-day moving average is $29.64 and its 200-day moving average is $27.48. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59. The company has a market capitalization of $2.37 billion, a P/E ratio of 341.70, a P/E/G ratio of 3.57 and a beta of 0.97. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.37.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The firm had revenue of $68.52 million during the quarter. During the same quarter in the previous year, the company earned $0.41 EPS. On average, equities analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current year.

InvenTrust Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were issued a $0.226 dividend. This represents a $0.90 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend was Monday, September 30th. InvenTrust Properties's payout ratio is currently 1,011.22%.

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.