Zurcher Kantonalbank Zurich Cantonalbank Purchases 19,967 Shares of InvenTrust Properties Corp. (NYSE:IVT)

Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 69.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,872 shares of the company's stock after buying an additional 19,967 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank owned 0.06% of InvenTrust Properties worth $1,473,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp increased its stake in InvenTrust Properties by 123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock worth $56,000 after buying an additional 1,026 shares in the last quarter. Vestcor Inc purchased a new stake in InvenTrust Properties in the 3rd quarter worth $104,000. US Bancorp DE increased its stake in InvenTrust Properties by 19.8% in the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after buying an additional 756 shares in the last quarter. Truist Financial Corp purchased a new stake in InvenTrust Properties in the 4th quarter worth $204,000. Finally, Atria Wealth Solutions Inc. purchased a new stake in InvenTrust Properties in the 4th quarter worth $212,000. 61.70% of the stock is owned by institutional investors.

InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock traded down $0.38 during trading on Friday, reaching $28.59. 738,266 shares of the stock traded hands, compared to its average volume of 385,802. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of 158.81, a P/E/G ratio of 3.34 and a beta of 0.96. The business has a fifty day simple moving average of $29.50 and a two-hundred day simple moving average of $29.74. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.99 and a quick ratio of 1.99. InvenTrust Properties Corp. has a 52-week low of $23.53 and a 52-week high of $31.65.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The company reported $0.43 EPS 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%. Sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 EPS for the current year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.2376 dividend. This is an increase from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.95 dividend on an annualized basis and a dividend yield of 3.32%. InvenTrust Properties's dividend payout ratio (DPR) is presently 527.78%.

Analyst Upgrades and Downgrades

IVT has been the subject of a number of research analyst reports. Wolfe Research initiated coverage on InvenTrust Properties in a research report on Thursday. They set a "peer perform" rating for the company. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and raised their price objective for the company from $33.00 to $34.00 in a research report on Thursday, January 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, InvenTrust Properties currently has a consensus 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.