Intech Investment Management LLC Raises Stake in InvenTrust Properties Corp. (NYSE:IVT)

Intech Investment Management LLC raised its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 64.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 33,886 shares of the company's stock after acquiring an additional 13,296 shares during the quarter. Intech Investment Management LLC's holdings in InvenTrust Properties were worth $1,021,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans purchased a new stake in InvenTrust Properties in the 3rd quarter worth approximately $1,980,000. Jennison Associates LLC purchased a new position in shares of InvenTrust Properties in the 3rd quarter valued at $664,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in InvenTrust Properties in the third quarter valued at approximately $217,000. Charles Schwab Investment Management Inc. boosted its stake in InvenTrust Properties by 17.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,179,667 shares of the company's stock worth $33,467,000 after purchasing an additional 175,838 shares in the last quarter. Finally, Eagle Asset Management Inc. raised its holdings in shares of InvenTrust Properties by 85.9% during the third quarter. Eagle Asset Management Inc. now owns 216,832 shares of the company's stock worth $6,709,000 after purchasing an additional 100,168 shares during the last quarter. Institutional investors own 61.70% of the company's stock.

InvenTrust Properties Price Performance

Shares of NYSE IVT traded up $0.16 during trading on Wednesday, hitting $29.39. 334,969 shares of the company were exchanged, compared to its average volume of 385,575. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a 1 year low of $23.53 and a 1 year high of $31.65. The company has a market cap of $2.28 billion, a price-to-earnings ratio of 163.29, a PEG ratio of 3.34 and a beta of 0.96. The firm's fifty day moving average price is $29.52 and its 200 day moving average price is $29.75.

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

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders 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. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.23%. InvenTrust Properties's dividend payout ratio is 527.78%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on IVT. Wells Fargo & Company decreased their price objective on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a report on Wednesday. Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and upped their price target for the company from $33.00 to $34.00 in a report on Thursday, January 2nd. Finally, Wolfe Research started coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $32.00.

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.