JPMorgan Chase & Co. Has $20.54 Million Stock Position in InvenTrust Properties Corp. (NYSE:IVT)

JPMorgan Chase & Co. increased its holdings in shares of InvenTrust Properties Corp. (NYSE:IVT - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 681,622 shares of the company's stock after acquiring an additional 128,848 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.88% of InvenTrust Properties worth $20,537,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of IVT. Millstone Evans Group LLC bought a new position in shares of InvenTrust Properties during the fourth quarter worth about $27,000. Jones Financial Companies Lllp grew its position 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 purchasing an additional 1,026 shares during the last quarter. Vestcor Inc acquired a new stake in shares of InvenTrust Properties in the third quarter valued at approximately $104,000. US Bancorp DE raised its holdings in shares of InvenTrust Properties by 19.8% during the fourth quarter. US Bancorp DE now owns 4,566 shares of the company's stock valued at $138,000 after buying an additional 756 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of InvenTrust Properties by 207.2% during the fourth quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock worth $155,000 after buying an additional 3,462 shares during the period. Institutional investors own 61.70% of the company's stock.

Analyst Upgrades and Downgrades

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

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InvenTrust Properties Price Performance

Shares of InvenTrust Properties stock traded up $0.04 during trading on Tuesday, hitting $26.96. The stock had a trading volume of 127,066 shares, compared to its average volume of 409,943. The business has a fifty day moving average of $28.97 and a two-hundred day moving average of $29.58. InvenTrust Properties Corp. has a fifty-two week low of $23.53 and a fifty-two week high of $31.65. The firm has a market cap of $2.09 billion, a P/E ratio of 149.78, a PEG ratio of 3.34 and a beta of 0.93. 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 (NYSE:IVT - Get Free Report) last issued 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%. On average, sell-side analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share for the current fiscal year.

InvenTrust Properties Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.2376 dividend. This is a positive change from InvenTrust Properties's previous quarterly dividend of $0.23. The ex-dividend date is Monday, March 31st. This represents a $0.95 annualized dividend and a yield of 3.53%. InvenTrust Properties's payout ratio is 527.78%.

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.