Mitsubishi UFJ Trust & Banking Corp Sells 11,081 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 509,146 shares of the company's stock after selling 11,081 shares during the period. Mitsubishi UFJ Trust & Banking Corp owned 0.66% of InvenTrust Properties worth $15,341,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of IVT. Allworth Financial LP lifted its position in shares of InvenTrust Properties by 4.4% in the fourth quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after buying an additional 383 shares during the last quarter. EntryPoint Capital LLC raised its stake in InvenTrust Properties by 7.5% in the 4th quarter. EntryPoint Capital LLC now owns 9,823 shares of the company's stock valued at $296,000 after acquiring an additional 682 shares during the period. US Bancorp DE lifted its holdings in InvenTrust Properties by 19.8% during 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 during the last quarter. Millstone Evans Group LLC bought a new position in InvenTrust Properties during the fourth quarter worth $27,000. Finally, Victory Capital Management Inc. increased its holdings in shares of InvenTrust Properties by 10.7% in the fourth quarter. Victory Capital Management Inc. now owns 9,497 shares of the company's stock valued at $286,000 after purchasing an additional 920 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company's stock.

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Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on IVT shares. Jefferies Financial Group upgraded shares of InvenTrust Properties from a "hold" rating to a "buy" rating and raised their target price for the stock from $33.00 to $34.00 in a research note on Thursday, January 2nd. Wolfe Research assumed coverage on shares of InvenTrust Properties in a research report on Thursday, March 20th. They set a "peer perform" rating for the company. Finally, Wells Fargo & Company decreased their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Wednesday, March 26th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, InvenTrust Properties has a consensus rating of "Moderate Buy" and a consensus price target of $32.00.

InvenTrust Properties Stock Performance

NYSE:IVT traded up $0.17 during mid-day trading on Wednesday, reaching $29.59. 39,451 shares of the company's stock were exchanged, compared to its average volume of 407,486. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.99 and a current ratio of 1.99. The firm has a market capitalization of $2.29 billion, a PE ratio of 164.47, a price-to-earnings-growth ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a one year low of $23.53 and a one year high of $31.65. The business's fifty day simple moving average is $29.54 and its two-hundred day simple moving average is $29.75.

InvenTrust Properties (NYSE:IVT - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.39. InvenTrust Properties had a net margin of 4.99% and a return on equity of 0.83%. Analysts anticipate that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal 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 is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. This represents a $0.95 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Monday, March 31st. InvenTrust Properties's dividend payout ratio is 527.78%.

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.