Envestnet Asset Management Inc. Sells 21,773 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Envestnet Asset Management Inc. lowered its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 13.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 139,651 shares of the company's stock after selling 21,773 shares during the period. Envestnet Asset Management Inc. owned approximately 0.18% of InvenTrust Properties worth $4,208,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IVT. Principal Financial Group Inc. raised its holdings in InvenTrust Properties by 6.0% during the fourth quarter. Principal Financial Group Inc. now owns 4,362,639 shares of the company's stock valued at $131,446,000 after acquiring an additional 245,343 shares during the period. Geode Capital Management LLC boosted its position in shares of InvenTrust Properties by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,936,730 shares of the company's stock valued at $58,366,000 after buying an additional 120,014 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of InvenTrust Properties by 8.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,278,033 shares of the company's stock valued at $38,507,000 after buying an additional 98,366 shares during the period. JPMorgan Chase & Co. boosted its position in shares of InvenTrust Properties by 23.3% during the fourth quarter. JPMorgan Chase & Co. now owns 681,622 shares of the company's stock valued at $20,537,000 after buying an additional 128,848 shares during the period. Finally, Bank of New York Mellon Corp boosted its position in shares of InvenTrust Properties by 18.4% during the fourth quarter. Bank of New York Mellon Corp now owns 322,487 shares of the company's stock valued at $9,717,000 after buying an additional 50,178 shares during the period. Institutional investors own 61.70% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on IVT. BTIG Research began coverage on InvenTrust Properties in a research report on Monday. They set a "buy" rating and a $31.00 target price for the company. Wells Fargo & Company dropped their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a research 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 company from $33.00 to $34.00 in a report on Thursday, January 2nd. Finally, Wolfe Research began coverage on InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.80.

InvenTrust Properties Trading Down 0.4 %

Shares of NYSE IVT traded down $0.10 during trading hours on Tuesday, reaching $27.97. The stock had a trading volume of 535,810 shares, compared to its average volume of 416,606. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 155.39, a P/E/G ratio of 3.34 and a beta of 0.93. The business's fifty day moving average price is $28.41 and its two-hundred day moving average price is $29.47. InvenTrust Properties Corp. has a 52-week low of $23.69 and a 52-week high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a return on equity of 0.83% and a net margin of 4.99%. Analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were given a dividend of $0.2376 per share. The ex-dividend date of this dividend was Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a yield of 3.40%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is presently 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.