Prudential Financial Inc. Reduces Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

Prudential Financial Inc. reduced its holdings in InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 39.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 379,970 shares of the company's stock after selling 250,908 shares during the quarter. Prudential Financial Inc. owned about 0.49% of InvenTrust Properties worth $11,448,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Allworth Financial LP increased its stake in shares of InvenTrust Properties by 4.4% in the 4th quarter. Allworth Financial LP now owns 8,992 shares of the company's stock valued at $258,000 after acquiring an additional 383 shares in the last quarter. US Bancorp DE grew its holdings in InvenTrust Properties by 19.8% in the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after purchasing an additional 756 shares during the period. Millstone Evans Group LLC acquired a new position in shares of InvenTrust Properties during the fourth quarter valued at about $27,000. Victory Capital Management Inc. raised its holdings in shares of InvenTrust Properties by 10.7% during 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 period. Finally, Jones Financial Companies Lllp boosted its position in shares of InvenTrust Properties by 123.3% during the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after purchasing an additional 1,026 shares in the last quarter. 61.70% of the stock is owned by institutional investors and hedge funds.

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Analyst Ratings Changes

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

InvenTrust Properties Stock Up 0.6 %

IVT traded up $0.18 during midday trading on Wednesday, reaching $29.60. 39,451 shares of the company were exchanged, compared to its average volume of 421,704. The company has a market cap of $2.29 billion, a price-to-earnings 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 company's fifty day moving average price is $29.54 and its 200 day moving average price is $29.75. 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 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%. As a group, analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.2376 per share. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Monday, March 31st. This is a boost from InvenTrust Properties's previous quarterly dividend of $0.23. InvenTrust Properties's dividend payout ratio is currently 527.78%.

InvenTrust Properties 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.