Cornercap Investment Counsel Inc. Buys Shares of 9,946 InvenTrust Properties Corp. (NYSE:IVT)

Cornercap Investment Counsel Inc. acquired a new stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 9,946 shares of the company's stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. JPMorgan Chase & Co. raised its holdings in shares of InvenTrust Properties by 6.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 552,774 shares of the company's stock valued at $15,682,000 after buying an additional 35,428 shares during the period. Barclays PLC raised its stake in shares of InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company's stock valued at $3,093,000 after purchasing an additional 80,728 shares during the period. Entropy Technologies LP acquired a new position in shares of InvenTrust Properties during the fourth quarter worth $536,000. Rhumbline Advisers boosted its stake in shares of InvenTrust Properties by 11.2% in the fourth quarter. Rhumbline Advisers now owns 135,797 shares of the company's stock valued at $4,092,000 after purchasing an additional 13,722 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in InvenTrust Properties by 8.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after purchasing an additional 98,366 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

Analyst Ratings Changes

IVT has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price objective on shares of InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday, March 26th. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their price target for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wolfe Research began coverage on InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating for the company. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $32.00.

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InvenTrust Properties Stock Down 4.1 %

Shares of InvenTrust Properties stock traded down $1.21 during trading on Thursday, reaching $28.52. The company had a trading volume of 110,032 shares, compared to its average volume of 407,000. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The firm's fifty day moving average is $29.56 and its 200-day moving average is $29.75. The company has a market cap of $2.21 billion, a price-to-earnings ratio of 158.44, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data 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, analysts anticipate that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently disclosed 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 represents a $0.95 dividend on an annualized basis and a yield of 3.33%. 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. InvenTrust Properties's payout ratio is currently 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.