KLP Kapitalforvaltning AS Makes New Investment in InvenTrust Properties Corp. (NYSE:IVT)

KLP Kapitalforvaltning AS acquired a new position in InvenTrust Properties Corp. (NYSE:IVT - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,600 shares of the company's stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVT. Millstone Evans Group LLC purchased a new stake in InvenTrust Properties in the 4th quarter worth approximately $27,000. Jones Financial Companies Lllp increased its holdings in InvenTrust Properties by 123.3% in the fourth quarter. Jones Financial Companies Lllp now owns 1,858 shares of the company's stock valued at $56,000 after buying an additional 1,026 shares in the last quarter. Vestcor Inc acquired a new position in shares of InvenTrust Properties in the third quarter worth about $104,000. US Bancorp DE boosted its stake in shares of InvenTrust Properties by 19.8% during the 4th quarter. US Bancorp DE now owns 4,566 shares of the company's stock worth $138,000 after acquiring an additional 756 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of InvenTrust Properties by 207.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 5,133 shares of the company's stock valued at $155,000 after acquiring an additional 3,462 shares during the period. 61.70% of the stock is owned by institutional investors and hedge funds.

InvenTrust Properties Price Performance

Shares of IVT traded down $0.70 during trading hours on Tuesday, hitting $25.93. 472,425 shares of the stock were exchanged, compared to its average volume of 409,505. The stock's 50-day moving average price is $29.25 and its two-hundred day moving average price is $29.64. InvenTrust Properties Corp. has a 12-month low of $23.53 and a 12-month high of $31.65. 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 company has a market cap of $2.01 billion, a price-to-earnings ratio of 144.07, a price-to-earnings-growth ratio of 3.34 and a beta of 0.93.

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InvenTrust Properties (NYSE:IVT - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported $0.43 earnings per share (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%. Research analysts expect that InvenTrust Properties Corp. will post 1.79 earnings per share 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 is a boost 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 annualized dividend and a dividend yield of 3.66%. InvenTrust Properties's payout ratio is presently 527.78%.

Analyst Upgrades and Downgrades

IVT has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded InvenTrust Properties from a "hold" rating to a "buy" rating and increased their price target for the stock from $33.00 to $34.00 in a research report on Thursday, January 2nd. 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. Finally, Wolfe Research assumed coverage on shares of InvenTrust Properties in a report on Thursday, March 20th. They issued a "peer perform" rating for the company. 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $32.00.

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.