Connor Clark & Lunn Investment Management Ltd. Acquires 73,337 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Connor Clark & Lunn Investment Management Ltd. raised its stake in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 957.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 80,996 shares of the company's stock after purchasing an additional 73,337 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned 0.11% of InvenTrust Properties worth $2,440,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of IVT. Jones Financial Companies Lllp raised its stake in shares of InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after purchasing an additional 1,026 shares during the last quarter. Vestcor Inc purchased a new stake in shares of InvenTrust Properties during the third quarter valued at approximately $104,000. US Bancorp DE increased its position in 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 buying an additional 756 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in InvenTrust Properties by 207.2% in the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after buying an additional 3,462 shares during the last quarter. Finally, Truist Financial Corp purchased a new stake in InvenTrust Properties in the fourth quarter worth $204,000. 61.70% of the stock is owned by hedge funds and other institutional investors.

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InvenTrust Properties Stock Performance

Shares of InvenTrust Properties stock traded down $0.38 during trading hours on Friday, reaching $28.59. The company had a trading volume of 738,266 shares, compared to its average volume of 385,802. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The business has a fifty day simple moving average of $29.50 and a 200 day simple moving average of $29.74. 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 $2.21 billion, a PE ratio of 158.81, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS 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%. On average, analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.2376 dividend. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

Analysts Set New Price Targets

A number of research firms have issued reports on IVT. Wolfe Research began coverage on InvenTrust Properties in a research report on Thursday. They issued a "peer perform" rating for the company. Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.00.

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.