Bank of New York Mellon Corp Acquires 50,178 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Bank of New York Mellon Corp grew its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 322,487 shares of the company's stock after buying an additional 50,178 shares during the period. Bank of New York Mellon Corp owned 0.42% of InvenTrust Properties worth $9,717,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Handelsbanken Fonder AB increased its stake in shares of InvenTrust Properties by 13.5% in the fourth quarter. Handelsbanken Fonder AB now owns 25,200 shares of the company's stock valued at $759,000 after buying an additional 3,000 shares during the period. Atria Wealth Solutions Inc. bought a new stake in shares of InvenTrust Properties during the 4th quarter valued at about $212,000. Truist Financial Corp bought a new stake in shares of InvenTrust Properties during the 4th quarter valued at about $204,000. Principal Financial Group Inc. boosted its position in shares of InvenTrust Properties by 6.0% during the 4th quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company's stock valued at $131,446,000 after purchasing an additional 245,343 shares in the last quarter. Finally, Strategic Financial Concepts LLC bought a new stake in shares of InvenTrust Properties during the 4th quarter valued at about $545,000. Institutional investors and hedge funds own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and upped their target price for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd.

Remove Ads

InvenTrust Properties Stock Down 0.3 %

Shares of NYSE:IVT traded down $0.10 during mid-day trading on Tuesday, hitting $29.00. 367,009 shares of the company traded hands, compared to its average volume of 433,718. The stock has a market cap of $2.25 billion, a P/E ratio of 161.08, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The stock has a 50-day moving average price of $29.53 and a two-hundred day moving average price of $29.77.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate 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, equities research analysts forecast that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) 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.