InvenTrust Properties Corp. (NYSE:IVT) Holdings Boosted by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 6.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,936,730 shares of the company's stock after buying an additional 120,014 shares during the quarter. Geode Capital Management LLC owned approximately 2.51% of InvenTrust Properties worth $58,366,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Millstone Evans Group LLC acquired a new position in InvenTrust Properties during the fourth quarter valued at approximately $27,000. Jones Financial Companies Lllp boosted its position in InvenTrust Properties by 123.3% during the 4th 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 period. US Bancorp DE increased its holdings in InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after purchasing an additional 756 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in shares of InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after purchasing an additional 3,462 shares in the last quarter. Finally, Truist Financial Corp purchased a new stake in shares of InvenTrust Properties in the fourth quarter worth about $204,000. Institutional investors and hedge funds own 61.70% of the company's stock.

InvenTrust Properties Price Performance

NYSE:IVT traded up $0.12 during midday trading on Tuesday, hitting $27.04. 530,908 shares of the stock were exchanged, compared to its average volume of 412,391. The company has a current ratio of 1.99, a quick ratio of 1.99 and a debt-to-equity ratio of 0.42. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of 150.24, a P/E/G ratio of 3.34 and a beta of 0.93. The business has a 50-day moving average price of $28.97 and a two-hundred day moving average price of $29.58. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.43 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%. Sell-side analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This represents a $0.95 annualized dividend and a dividend yield of 3.51%. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. InvenTrust Properties's dividend payout ratio is currently 527.78%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their price target on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating for the company in a report on Wednesday, March 26th. Jefferies Financial Group upgraded 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 note on Thursday, January 2nd. Finally, Wolfe Research began coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating on the stock. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.00.

InvenTrust Properties 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.