InvenTrust Properties Corp. (NYSE:IVT) Shares Purchased by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 109.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 25,025 shares of the company's stock after purchasing an additional 13,056 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS's holdings in InvenTrust Properties were worth $754,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the stock. Principal Financial Group Inc. lifted its position in InvenTrust Properties by 21.9% during the 3rd quarter. Principal Financial Group Inc. now owns 4,117,296 shares of the company's stock worth $116,808,000 after acquiring an additional 738,784 shares during the period. FMR LLC lifted its holdings in shares of InvenTrust Properties by 22,456.4% during the third quarter. FMR LLC now owns 580,602 shares of the company's stock worth $16,472,000 after purchasing an additional 578,028 shares during the period. Zimmer Partners LP acquired a new stake in shares of InvenTrust Properties during the third quarter worth about $14,185,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in InvenTrust Properties by 425.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 462,879 shares of the company's stock valued at $13,132,000 after buying an additional 374,804 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in InvenTrust Properties in the 4th quarter worth approximately $7,109,000. Institutional investors and hedge funds own 61.70% of the company's stock.

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InvenTrust Properties Price Performance

NYSE IVT traded down $0.05 on Friday, hitting $29.22. The company had a trading volume of 369,444 shares, compared to its average volume of 408,622. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. The company's fifty day moving average price is $29.53 and its 200-day moving average price is $29.75. The company has a market capitalization of $2.26 billion, a PE ratio of 162.31, a PEG ratio of 3.34 and a beta of 0.96. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65.

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, topping 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%. As a group, analysts predict that InvenTrust Properties Corp. will post 1.79 earnings per share for the current year.

InvenTrust Properties Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.2376 dividend. This represents a $0.95 annualized dividend and a dividend yield of 3.25%. The ex-dividend date of this dividend is Monday, March 31st. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio (DPR) is 527.78%.

Analyst Ratings Changes

Several brokerages have commented on IVT. Wolfe Research started coverage on shares of InvenTrust Properties in a research note on Thursday, March 20th. They set a "peer perform" rating for the company. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and lifted their price objective for the company from $33.00 to $34.00 in a research note on Thursday, January 2nd. Finally, Wells Fargo & Company lowered their target price on InvenTrust Properties from $33.00 to $32.00 and set an "overweight" rating on the stock in a research note on Wednesday. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, InvenTrust Properties presently has an average rating of "Moderate Buy" and an average price target of $32.00.

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.