Charles Schwab Investment Management Inc. Has $38.51 Million Stock Holdings in InvenTrust Properties Corp. (NYSE:IVT)

Charles Schwab Investment Management Inc. increased its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,278,033 shares of the company's stock after buying an additional 98,366 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.66% of InvenTrust Properties worth $38,507,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Jones Financial Companies Lllp lifted its holdings in shares of InvenTrust Properties by 123.3% during the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after acquiring an additional 1,026 shares during the period. Vestcor Inc acquired a new stake in shares of InvenTrust Properties during the 3rd quarter worth about $104,000. US Bancorp DE lifted its holdings in InvenTrust Properties by 39.8% during the 3rd quarter. US Bancorp DE now owns 3,810 shares of the company's stock valued at $108,000 after purchasing an additional 1,085 shares during the last quarter. Truist Financial Corp acquired a new position in InvenTrust Properties in the fourth quarter valued at about $204,000. Finally, Atria Wealth Solutions Inc. bought a new stake in InvenTrust Properties during the fourth quarter worth about $212,000. Institutional investors and hedge funds own 61.70% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group raised InvenTrust Properties from a "hold" rating to a "buy" rating and boosted their target price for the stock from $33.00 to $34.00 in a report on Thursday, January 2nd.

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InvenTrust Properties Price Performance

IVT traded up $0.16 during midday trading on Wednesday, hitting $29.08. The company had a trading volume of 109,059 shares, compared to its average volume of 427,367. InvenTrust Properties Corp. has a twelve month low of $23.53 and a twelve month high of $31.65. The firm's 50-day simple moving average is $29.52 and its 200-day simple moving average is $29.76. The company has a market capitalization of $2.25 billion, a PE ratio of 161.46, a P/E/G ratio of 3.34 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.43 EPS for the quarter, beating 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%. Equities research analysts predict that InvenTrust Properties Corp. will post 1.79 EPS for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.2376 per share. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a yield of 3.27%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties's payout ratio is currently 500.00%.

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.