Charles Schwab Investment Management Inc. Acquires 175,838 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Charles Schwab Investment Management Inc. lifted its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 17.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,179,667 shares of the company's stock after purchasing an additional 175,838 shares during the period. Charles Schwab Investment Management Inc. owned about 1.53% of InvenTrust Properties worth $33,467,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in shares of InvenTrust Properties by 21.9% in the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after purchasing an additional 738,784 shares during the period. Millennium Management LLC lifted its stake in shares of InvenTrust Properties by 13.9% in the 2nd quarter. Millennium Management LLC now owns 998,877 shares of the company's stock worth $24,732,000 after purchasing an additional 122,248 shares during the period. Dimensional Fund Advisors LP increased its holdings in InvenTrust Properties by 4.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 812,825 shares of the company's stock worth $20,125,000 after acquiring an additional 35,051 shares in the last quarter. Makena Capital Management LLC increased its holdings in InvenTrust Properties by 28.6% in the 2nd quarter. Makena Capital Management LLC now owns 343,038 shares of the company's stock worth $8,494,000 after acquiring an additional 76,316 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in InvenTrust Properties by 8.6% in the 2nd quarter. Bank of New York Mellon Corp now owns 327,598 shares of the company's stock worth $8,111,000 after acquiring an additional 25,918 shares in the last quarter. Institutional investors own 61.70% of the company's stock.

Wall Street Analyst Weigh In

IVT has been the subject of a number of research analyst reports. Compass Point increased their price objective on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a report on Tuesday, September 10th. Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and increased their target price for the company from $30.00 to $33.00 in a research report on Thursday, October 3rd. Jefferies Financial Group started coverage on InvenTrust Properties in a research report on Tuesday, November 19th. They set a "hold" rating and a $33.00 target price for the company. Finally, Wells Fargo & Company increased their target price on InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th.

InvenTrust Properties Trading Up 1.1 %

IVT traded up $0.35 during trading on Wednesday, reaching $31.11. The company had a trading volume of 329,242 shares, compared to its average volume of 376,827. The stock has a market cap of $2.40 billion, a P/E ratio of 344.37, a PEG ratio of 3.55 and a beta of 0.97. The business has a 50 day simple moving average of $29.84 and a 200-day simple moving average of $27.78. InvenTrust Properties Corp. has a 52 week low of $23.53 and a 52 week high of $31.65. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT - Get Free Report) last issued its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44). The company had revenue of $68.52 million during the quarter. InvenTrust Properties had a return on equity of 0.42% and a net margin of 2.52%. During the same period in the previous year, the company posted $0.41 EPS. On average, equities analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th were given a dividend of $0.226 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $0.90 annualized dividend and a dividend yield of 2.91%. InvenTrust Properties's dividend payout ratio (DPR) is 1,011.22%.

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.