Allstate Corp Invests $662,000 in InvenTrust Properties Corp. (NYSE:IVT)

Allstate Corp bought a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 21,975 shares of the company's stock, valued at approximately $662,000.

Several other institutional investors also recently made changes to their positions in IVT. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties during the fourth quarter worth about $27,000. Jones Financial Companies Lllp lifted its position in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares during the period. Vestcor Inc purchased a new stake in shares of InvenTrust Properties during the 3rd quarter worth approximately $104,000. US Bancorp DE grew its holdings in shares of InvenTrust Properties by 19.8% in the 4th 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 period. Finally, EverSource Wealth Advisors LLC raised its holdings in InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after purchasing an additional 3,462 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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InvenTrust Properties Price Performance

Shares of IVT traded down $0.85 during trading hours on Friday, reaching $27.19. 632,325 shares of the company traded hands, compared to its average volume of 407,741. The stock has a market capitalization of $2.11 billion, a PE ratio of 151.06, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. The stock has a fifty day simple moving average of $29.48 and a 200 day simple moving average of $29.72. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The company has a quick ratio of 1.99, a current 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 results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.2376 dividend. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.50%. InvenTrust Properties's payout ratio is 527.78%.

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.