Arrowstreet Capital Limited Partnership Trims Stake in InvenTrust Properties Corp. (NYSE:IVT)

Arrowstreet Capital Limited Partnership lessened its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 18.4% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 531,334 shares of the company's stock after selling 119,521 shares during the period. Arrowstreet Capital Limited Partnership owned 0.69% of InvenTrust Properties worth $16,009,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allworth Financial LP grew its stake in shares of InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares during the last quarter. EntryPoint Capital LLC lifted its holdings in shares of InvenTrust Properties by 7.5% during the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock worth $296,000 after purchasing an additional 682 shares during the period. US Bancorp DE grew its position in InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after buying an additional 756 shares during the last quarter. Millstone Evans Group LLC acquired a new position in InvenTrust Properties in the 4th quarter valued at $27,000. Finally, Victory Capital Management Inc. raised its position in InvenTrust Properties by 10.7% during the 4th quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock worth $286,000 after buying an additional 920 shares during the last quarter. 61.70% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

InvenTrust Properties Price Performance

Shares of NYSE IVT traded up $1.46 during midday trading on Wednesday, hitting $27.43. The company had a trading volume of 650,790 shares, compared to its average volume of 410,657. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 152.39, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The business has a 50-day simple moving average of $29.15 and a two-hundred day simple moving average of $29.61. 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 issued 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 net margin of 4.99% and a return on equity of 0.83%. Equities research analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced 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. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.46%. InvenTrust Properties's dividend payout ratio is 527.78%.

InvenTrust Properties 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.