Gamco Investors INC. ET AL Buys New Position in InvenTrust Properties Corp. (NYSE:IVT)

Gamco Investors INC. ET AL acquired a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 28,500 shares of the company's stock, valued at approximately $859,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Millstone Evans Group LLC acquired a new stake in shares of InvenTrust Properties in the fourth quarter valued at approximately $27,000. Bernard Wealth Management Corp. acquired a new stake in InvenTrust Properties during the fourth quarter worth $50,000. Jones Financial Companies Lllp increased its stake in InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after acquiring an additional 1,026 shares during the last quarter. FIL Ltd increased its stake in InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock worth $67,000 after acquiring an additional 332 shares during the last quarter. Finally, US Bancorp DE increased its stake in InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after acquiring an additional 756 shares during the last quarter. Hedge funds and other institutional investors own 61.70% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on IVT shares. Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wells Fargo & Company dropped their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research note on Wednesday, March 26th. Finally, Wolfe Research started coverage on InvenTrust Properties in a research note on Thursday, March 20th. They issued a "peer perform" rating for the company. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $32.00.

InvenTrust Properties Stock Performance

Shares of IVT traded up $0.08 during midday trading on Thursday, reaching $27.75. 31,970 shares of the stock were exchanged, compared to its average volume of 414,075. The business's 50-day moving average price is $28.58 and its 200 day moving average price is $29.50. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company has a market capitalization of $2.15 billion, a price-to-earnings ratio of 154.16, a PEG ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a twelve month low of $23.69 and a twelve month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.2376 dividend. The ex-dividend date was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.42%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is 527.78%.

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.