Principal Financial Group Inc. Increases Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Principal Financial Group Inc. boosted its position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 21.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,117,296 shares of the company's stock after purchasing an additional 738,784 shares during the period. Principal Financial Group Inc. owned about 6.06% of InvenTrust Properties worth $116,808,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IVT. Farmers & Merchants Investments Inc. bought a new stake in InvenTrust Properties in the 3rd quarter worth about $27,000. Creekmur Asset Management LLC grew its position in InvenTrust Properties by 96.7% in the 3rd quarter. Creekmur Asset Management LLC now owns 1,617 shares of the company's stock worth $46,000 after purchasing an additional 795 shares in the last quarter. Hantz Financial Services Inc. bought a new stake in InvenTrust Properties in the 2nd quarter worth about $57,000. Mirae Asset Global Investments Co. Ltd. grew its position in InvenTrust Properties by 34.9% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,634 shares of the company's stock worth $75,000 after purchasing an additional 681 shares in the last quarter. Finally, Beacon Capital Management LLC boosted its stake in InvenTrust Properties by 23.3% in the second quarter. Beacon Capital Management LLC now owns 3,663 shares of the company's stock valued at $91,000 after acquiring an additional 693 shares during the last quarter. 61.70% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on IVT. Bank of America upgraded shares of InvenTrust Properties from a "neutral" rating to a "buy" rating and boosted their target price for the company from $30.00 to $33.00 in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their target price on shares of InvenTrust Properties from $29.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, August 28th. Finally, Compass Point boosted their target price on shares of InvenTrust Properties from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th.

InvenTrust Properties Stock Performance

IVT traded up $0.13 during midday trading on Friday, reaching $30.94. The company had a trading volume of 421,435 shares, compared to its average volume of 405,037. The stock has a market cap of $2.39 billion, a PE ratio of 343.82, a P/E/G ratio of 3.68 and a beta of 0.97. The company has a debt-to-equity ratio of 0.42, a quick ratio of 3.59 and a current ratio of 3.59. The business has a 50-day moving average price of $29.40 and a two-hundred day moving average price of $27.10. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.20.

InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.43 by ($0.44). The business had revenue of $68.52 million for the quarter. InvenTrust Properties had a net margin of 2.52% and a return on equity of 0.42%. During the same quarter in the prior year, the firm earned $0.41 EPS. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.72 earnings per share for the current fiscal year.

InvenTrust Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were paid a dividend of $0.226 per share. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date was Monday, September 30th. InvenTrust Properties's payout ratio is currently 1,011.22%.

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.