Fmr LLC Grows Position in InvenTrust Properties Corp. (NYSE:IVT)

FMR LLC boosted its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 22,456.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 580,602 shares of the company's stock after acquiring an additional 578,028 shares during the period. FMR LLC owned 0.75% of InvenTrust Properties worth $16,472,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of InvenTrust Properties during the third quarter worth about $27,000. Creekmur Asset Management LLC grew its stake in InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock worth $46,000 after buying an additional 795 shares in the last quarter. Hantz Financial Services Inc. bought a new position in shares of InvenTrust Properties in the 2nd quarter worth $57,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of InvenTrust Properties by 34.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock valued at $75,000 after buying an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC grew its position in InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock worth $91,000 after acquiring an additional 693 shares in the last quarter. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Stock Down 0.8 %

NYSE IVT traded down $0.23 during trading hours on Wednesday, reaching $30.85. 357,230 shares of the company's stock traded hands, compared to its average volume of 375,830. The firm has a 50-day simple moving average of $30.10 and a 200 day simple moving average of $28.01. The firm has a market cap of $2.38 billion, a PE ratio of 345.22, a PEG ratio of 3.60 and a beta of 0.97. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65. The company has a debt-to-equity ratio of 0.42, a current ratio of 3.59 and a quick ratio of 3.59.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings data on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.43 by ($0.44). The business 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 last year, the firm earned $0.41 EPS. Sell-side analysts anticipate that InvenTrust Properties Corp. will post 1.73 EPS for the current fiscal year.

InvenTrust Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.226 per share. The ex-dividend date was Monday, September 30th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.93%. InvenTrust Properties's dividend payout ratio (DPR) is presently 1,000.00%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on IVT. Wells Fargo & Company raised their price target on InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, August 28th. Compass Point boosted their target price on InvenTrust Properties from $28.00 to $29.00 and gave the stock a "neutral" rating in a research report on Tuesday, September 10th. Bank of America raised InvenTrust Properties from a "neutral" rating to a "buy" rating and raised their price objective for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Finally, Jefferies Financial Group began coverage on shares of InvenTrust Properties in a research report on Tuesday, November 19th. They set a "hold" rating and a $33.00 price target for the company.

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.