Bailard Inc. Buys New Position in InvenTrust Properties Corp. (NYSE:IVT)

Bailard Inc. purchased a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 27,113 shares of the company's stock, valued at approximately $817,000.

Several other large investors also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of 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 acquiring an additional 681 shares during the last quarter. abrdn plc increased its holdings in InvenTrust Properties by 12.7% during the 3rd quarter. abrdn plc now owns 13,987 shares of the company's stock worth $397,000 after purchasing an additional 1,580 shares during the last quarter. US Bancorp DE raised its position in shares of InvenTrust Properties by 39.8% in the 3rd quarter. US Bancorp DE now owns 3,810 shares of the company's stock valued at $108,000 after purchasing an additional 1,085 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of InvenTrust Properties by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 11,711 shares of the company's stock valued at $345,000 after buying an additional 1,285 shares during the last quarter. Finally, Asset Management One Co. Ltd. grew its position in shares of InvenTrust Properties by 4.2% during the third quarter. Asset Management One Co. Ltd. now owns 155,058 shares of the company's stock worth $4,399,000 after buying an additional 6,251 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

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Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group upgraded 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.

InvenTrust Properties Stock Performance

IVT traded down $0.15 during trading hours on Friday, hitting $29.22. 415,245 shares of the stock were exchanged, compared to its average volume of 380,382. The stock has a market cap of $2.26 billion, a price-to-earnings ratio of 162.33, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. The stock has a 50-day simple moving average of $29.67 and a 200-day simple moving average of $29.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, topping 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%. Analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Stockholders of record on Monday, December 30th were issued a dividend of $0.2263 per share. The ex-dividend date was Monday, December 30th. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.91 annualized dividend and a dividend yield of 3.10%. InvenTrust Properties's dividend payout ratio is 500.00%.

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.