Greenland Capital Management LP Has $1.25 Million Stake in InvenTrust Properties Corp. (NYSE:IVT)

Greenland Capital Management LP grew its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 38.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,607 shares of the company's stock after purchasing an additional 11,607 shares during the period. Greenland Capital Management LP owned approximately 0.05% of InvenTrust Properties worth $1,254,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. FIL Ltd raised its position in InvenTrust Properties by 17.4% during the fourth quarter. FIL Ltd now owns 2,240 shares of the company's stock valued at $67,000 after buying an additional 332 shares during the period. Allworth Financial LP increased its holdings in shares of InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after purchasing an additional 383 shares during the period. EntryPoint Capital LLC lifted its position in shares of InvenTrust Properties by 7.5% in the fourth quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock worth $296,000 after purchasing an additional 682 shares in the last quarter. US Bancorp DE lifted its position in shares of InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after purchasing an additional 756 shares in the last quarter. Finally, Millstone Evans Group LLC acquired a new stake in shares of InvenTrust Properties during the fourth quarter worth approximately $27,000. Hedge funds and other institutional investors own 61.70% of the company's stock.

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Wall Street Analysts Forecast Growth

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

InvenTrust Properties Stock Performance

Shares of IVT traded up $0.15 on Friday, reaching $26.58. 295,414 shares of the stock traded hands, compared to its average volume of 411,229. The stock's 50-day moving average price is $29.03 and its 200-day moving average price is $29.59. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The firm has a market cap of $2.06 billion, a price-to-earnings ratio of 147.68, a P/E/G ratio of 3.34 and a beta of 0.93. InvenTrust Properties Corp. has a 12 month low of $23.53 and a 12 month high of $31.65.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results 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 net margin of 4.99% and a return on equity of 0.83%. Equities analysts forecast that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 annualized dividend and a yield of 3.58%. The ex-dividend date is Monday, March 31st. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio is 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.