Geode Capital Management LLC Buys 92,367 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Geode Capital Management LLC grew its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,816,716 shares of the company's stock after buying an additional 92,367 shares during the quarter. Geode Capital Management LLC owned 2.36% of InvenTrust Properties worth $51,550,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in IVT. Farmers & Merchants Investments Inc. acquired a new position in InvenTrust Properties in the 3rd quarter worth $27,000. Creekmur Asset Management LLC grew its holdings in shares of InvenTrust Properties by 96.7% during the third 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. acquired a new stake in InvenTrust Properties in the 2nd quarter valued at approximately $57,000. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 worth $75,000 after acquiring an additional 681 shares during the last quarter. Finally, Vestcor Inc acquired a new position in InvenTrust Properties during the 3rd quarter worth approximately $104,000. Institutional investors own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

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

InvenTrust Properties Price Performance

Shares of NYSE:IVT remained flat at $29.80 during midday trading on Monday. 305,932 shares of the company traded hands, compared to its average volume of 384,379. The firm has a market capitalization of $2.30 billion, a P/E ratio of 331.15, a P/E/G ratio of 3.56 and a beta of 0.97. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The business has a 50 day moving average of $30.34 and a 200-day moving average of $28.38. The company has a current ratio of 3.59, a quick ratio of 3.59 and a debt-to-equity ratio of 0.42.

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

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Monday, December 30th will be given a dividend of $0.2263 per share. This represents a $0.91 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Monday, December 30th. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is 1,000.00%.

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.