JPMorgan Chase & Co. Increases Position in InvenTrust Properties Corp. (NYSE:IVT)

JPMorgan Chase & Co. lifted its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 6.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 552,774 shares of the company's stock after purchasing an additional 35,428 shares during the period. JPMorgan Chase & Co. owned 0.72% of InvenTrust Properties worth $15,682,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. boosted its stake in InvenTrust Properties by 21.9% during the third quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after buying an additional 738,784 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of InvenTrust Properties by 5.4% during the 3rd quarter. Geode Capital Management LLC now owns 1,816,716 shares of the company's stock valued at $51,550,000 after acquiring an additional 92,367 shares during the last quarter. Vestcor Inc purchased a new stake in shares of InvenTrust Properties in the third quarter valued at about $104,000. Barclays PLC increased its position in InvenTrust Properties by 285.3% during the third quarter. Barclays PLC now owns 109,027 shares of the company's stock worth $3,093,000 after purchasing an additional 80,728 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its position in InvenTrust Properties by 12.0% during the third quarter. Nomura Asset Management Co. Ltd. now owns 94,560 shares of the company's stock worth $2,683,000 after purchasing an additional 10,110 shares during the last quarter. 61.70% of the stock is currently owned by hedge funds and other institutional investors.

InvenTrust Properties Trading Down 2.7 %

IVT stock traded down $0.80 during mid-day trading on Friday, hitting $28.68. 499,444 shares of the company were exchanged, compared to its average volume of 447,707. The business has a fifty day simple moving average of $30.39 and a 200-day simple moving average of $28.83. The firm has a market capitalization of $2.21 billion, a P/E ratio of 318.70, a PEG ratio of 3.57 and a beta of 0.97. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. The company has a quick ratio of 3.59, a current ratio of 3.59 and a debt-to-equity ratio of 0.42.

InvenTrust Properties (NYSE:IVT - Get Free Report) last posted its earnings results on Tuesday, October 29th. The company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.44). InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. The company had revenue of $68.52 million during the quarter. During the same period in the previous year, the business earned $0.41 EPS. On average, equities research analysts predict that InvenTrust Properties Corp. will post 1.73 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Monday, December 30th will be issued a $0.2263 dividend. This represents a $0.91 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Monday, December 30th. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's payout ratio is currently 1,000.00%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on IVT. Jefferies Financial Group raised shares of InvenTrust Properties from a "hold" rating to a "buy" rating and increased their price target for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Bank of America upgraded InvenTrust Properties from a "neutral" rating to a "buy" rating and upped their price objective for the company from $30.00 to $33.00 in a report on Thursday, October 3rd.

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.